Key Takeaways
- IMF is expected to send a mission to Pakistan in the coming weeks.
- The mission will review the $7-billion Extended Fund Facility and the Resilience and Sustainability Facility.
- Pakistan has already received $4.8 billion under these arrangements.
The International Monetary Fund (IMF) is set to send a mission to Pakistan in the coming weeks to review the country's financial programs, including the $7-billion Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).
Mahir Banici, the IMF’s Resident Representative to Pakistan, confirmed the visit in a statement to Business Recorder, stating that the mission will conduct the next program review and Article IV Consultations.
Pakistan’s ongoing IMF programs include an Extended Arrangement under the EFF, approved by the IMF’s Executive Board in late September 2024, and a Resilience and Sustainability Facility (RSF) arrangement, which was formally inquired about in October 2024.
A staff-level agreement for a new 28-month RSF arrangement, totalling about $1.3 billion, was reached on March 25, 2025, concurrently with the first EFF review.
Upon approval by the IMF’s Executive Board, Pakistan will have access to about $1 billion under the EFF and $200 million under the RSF. The country has already received $4.8 billion under these arrangements.
The mission is likely to begin engagements in Karachi with officials of the State Bank of Pakistan (SBP) before moving to Islamabad for talks with the government’s economic team.
Earlier, the Ministry of Finance instructed relevant ministries and government divisions to complete preparations and provide updates on the implementation of commitments agreed with the global lender.
The review process is crucial for Pakistan to ensure the continued support of these financial programs, which are essential for the country’s economic stability and growth.
