Pakistan has received $1.32 billion from the International Monetary Fund (IMF) following the Executive Board’s completion of the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), the State Bank of Pakistan (SBP) said on Wednesday.
In a statement, the central bank noted the third review was completed on May 8 and the release of $1.1 billion approved. In the same meeting, the IMF Executive Board approved disbursement of the second tranche of $220 million under the RSF, it added.
“The amount would be reflected in SBP’s foreign exchange reserves for the week ending on May 15, 2026,” it said.
Pakistan’s ongoing 37-month EFF arrangement was approved on Sept. 25, 2024, and aims to build resilience and enable sustainable growth. Key priorities include entrenching macroeconomic stability through sound policy implementation, rebuilding foreign exchange reserves, and broadening the tax base.
The program also focuses on strengthening competition and productivity, reforming state-owned enterprises, improving public services, expanding health, education and social protection spending, restoring energy sector viability, and intensifying anti-corruption efforts.
The 28-month RSF arrangement, meanwhile, was approved on May 9, 2025. It supports efforts to reduce vulnerability to natural disasters and strengthen climate resilience. Reforms focus on disaster preparedness, improved public investment processes, more efficient water use, stronger federal-provincial coordination, better disclosure of climate-related risks, and supporting mitigation commitments.