IMF’s Executive Board to discuss Pakistan on May 8
- The board is set to deliberate final approval for the release of the next $1.21 billion tranche
The International Monetary Fund (IMF) included Pakistan on its Executive Board agenda on May 08, 2026, according to its updated website.
The Executive Board is set to deliberate final approval for the release of the next $1.21 billion tranche, covering the third review under the Extended Fund Facility (EFF) and the second review of the Resilience and Sustainability Facility (RSF).
Upon approval, Pakistan will have access to about USD 1.0 billion (SDR 760 million) under the EFF and about USD 210 million (SDR 154 million) under the RSF, bringing total disbursements under the two arrangements to about USD 4.5 billion.
Last month, the IMF team, led by Iva Petrova, and the Pakistani authorities reached a staff-level agreement on the third review under Pakistan’s EFF and the second review under the RSF.
Back then, the IMF noted that, supported by the EFF, ongoing policies have continued to strengthen Pakistan’s economy and rebuild market confidence.
Following the recovery in fiscal year 2025, Pakistan’s economic activity gained further momentum in the first part of the current fiscal year. Inflation and the current account balance remained contained, and external buffers continued to strengthen.
The conflict in the Middle East, however, casts a cloud over the outlook as volatile energy prices and tighter global financial conditions risk putting upward pressure on inflation and weighing on growth and the current account, the Fund said.
Earlier, IMF Managing Director Kristalina Georgieva, during her meeting with Federal Minister for Finance and Revenue Muhammad Aurangzeb on the sidelines of the IMF–World Bank Spring Meetings 2026, appreciated Pakistan’s continued progress on economic reforms.
Georgieva noted that Pakistan’s strong implementation of its reform programme had “contributed to maintaining macroeconomic stability and building investor confidence”.
The IMF director said that sound economic policies, along with the continuation of deeper structural reforms, would be critical for sustaining economic growth and improving the welfare of the people of Pakistan.
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