Pakistan receives USD 1.3 billion IMF loan under EFF and RSF programmes
Pakistan has received USD 1.3 billion from the International Monetary Fund under two ongoing financial assistance programmes aimed at stabilising the country’s economy and strengthening foreign exchange reserves.
According to the State Bank of Pakistan, the funds were received on May 12 under the Extended Fund Facility and the Resilience and Sustainability Facility.
The IMF approved the disbursement after completing the third review of Pakistan’s Extended Fund Facility programme during an executive board meeting held on May 8.
Out of the total amount, around USD 1.1 billion was released under the Extended Fund Facility while approximately USD 220 million was provided under the Resilience and Sustainability Facility.
The funding forms part of the larger USD 7 billion package approved by the IMF for Pakistan in September 2024 under a 37 month Extended Fund Facility arrangement. The IMF had also approved USD 1.4 billion separately under the climate focused Resilience and Sustainability Facility.
In a statement posted on X, the State Bank of Pakistan said the IMF executive board approved Special Drawing Rights amounting to SDR 760 million under the EFF and SDR 154 million under the RSF.
The central bank stated that the inflow would be reflected in Pakistan’s foreign exchange reserves for the week ending May 15.
Pakistan has so far received nearly USD 4.5 billion from the IMF under the combined loan programmes worth USD 8.4 billion.
The financial assistance comes at a crucial time for Pakistan as the country continues efforts to stabilise its economy, improve fiscal performance and maintain external payment stability amid ongoing economic challenges.
