Pakistan, IMF kick-off review talks

An International Monetary Fund (IMF) mission led by Iva Petrova has started discussions with Pakistani authorities for the next review under the $7-billion Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).

“An IMF team led by Iva Petrova has started discussions with the Pakistani authorities on the review under the Extended Fund Facility and Resilience and Sustainability Facility, alongside the Article IV Consultation,” Mahir Banici, IMF Resident Representative to Pakistan, told Business Recorder.

The development comes after Business Recorder earlier reported that an IMF staff mission arrived in Pakistan.

Pakistan’s ongoing IMF programs include an Extended Arrangement under the EFF and an RSF.

The EFF was approved by the IMF’s Executive Board in the last week of September 2024. This 37-month bailout program is valued at approximately $7 billion (SDR 5,320 million).

Meanwhile, Pakistan formally inquired about an RSF arrangement in October 2024. A staff-level agreement for a new 28-month arrangement under the RSF, totalling about $1.3 billion, was reached on March 25, 2025, concurrently with the first EFF review.

After IMF staff and the Pakistani authorities reach a staff-level agreement (SLA) on the fourth review under the EFF and the third review under the RSF, the agreement will be subject to approval of the IMF’s Executive Board.

Upon approval, Pakistan will have access to about $1 billion under the EFF and $200 million under the RSF.

Pakistan has already received $4.8 billion under the two arrangements.