The International Monetary Fund’s Executive Board will meet on December 8 to consider Pakistan’s request for a $1.2 billion disbursement under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), according to the IMF.
About $1 billion would be released under the EFF and $200 million through the RSF if approved, supporting Pakistan’s external buffers and broader reform agenda. The board meeting follows a staff-level agreement reached in October after negotiations in Karachi, Islamabad, and Washington.
IMF Deputy Managing Director Bo Li praised Pakistan’s reform efforts, saying the country is “on the right path of reform and resilience.” He noted that the RSF, along with a $7 billion stabilisation programme, would provide $1.3 billion to strengthen fiscal and financial resilience against climate risks.
The disbursement is conditional on the IMF Governance and Corruption Diagnostic Assessment, which identified systemic governance gaps and recommended a 15-point reform plan that could raise growth up to 6.5% over five years.
Opposition parties and Khyber Pakhtunkhwa Chief Minister Mohammad Sohail Afridi have called for investigations into alleged governance failures, while Finance Minister Muhammad Aurangzeb said the report should accelerate long-overdue reforms.
The IMF has acknowledged Pakistan’s progress in fiscal consolidation, inflation control, and rebuilding external buffers but warned that risks remain elevated due to flood-related losses and stressed the importance of tight, data-driven monetary policy.
