The IMF Executive Board will consider Pakistan’s $1.21 billion tranche on May 8, and its approval could unlock fresh funding under two ongoing programmes.
The International Monetary Fund’s official board calendar lists Pakistan for the third review under the Extended Fund Facility and the second review under the Resilience and Sustainability Facility on May 8.
Official sources said Pakistan may receive around USD 1 billion under the USD 7 billion Extended Fund Facility and about USD 210 million under the climate-focused Resilience and Sustainability Facility.
The IMF said on March 27 that its staff had reached an agreement with Pakistani authorities on the EFF third review and RSF second review, subject to approval by the Executive Board.
If the board clears it, the IMF will transfer the disbursement to the State Bank of Pakistan’s account.
Pakistan secured the 37-month Extended Fund Facility in September 2024 to support economic stabilisation and structural reforms, while the RSF arrangement supports climate resilience and sustainability measures.
Pakistan has already received three USD 1 billion tranches under the EFF, with earlier releases made in September 2024, May 2025 and December 2025.
Local business reports said the board review will likely lead to further IMF engagement on the FY2026-27 budget framework, including fiscal consolidation and revenue measures.
