The International Monetary Fund (IMF) has placed Pakistan on the agenda for its Executive Board meeting scheduled for May 8, 2026, according to an update on its website.
The board will consider final approval for the release of the next $1.21 billion tranche, covering the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).
If approved, Pakistan will gain access to around $1.0 billion (SDR 760 million) under the EFF and about $210 million (SDR 154 million) under the RSF, bringing total disbursements under both programmes to approximately $4.5 billion.
Last month, an IMF team led by Iva Petrova reached a staff-level agreement with Pakistani authorities on these reviews.
At the time, the IMF noted that policies supported by the EFF had helped strengthen Pakistan’s economy and rebuild market confidence.
Following a recovery in fiscal year 2025, economic activity continued to pick up in the early part of the current fiscal year. Inflation and the current account remained contained, while external buffers showed further improvement.
However, the IMF cautioned that the situation in the Middle East poses risks to the outlook, as volatile energy prices and tighter global financial conditions could increase inflationary pressures and weigh on growth and the current account.
Earlier, IMF Managing Director Kristalina Georgieva, during a meeting with Finance Minister Muhammad Aurangzeb on the sidelines of the IMF–World Bank Spring Meetings 2026, acknowledged Pakistan’s progress on economic reforms.
Georgieva said that the country’s strong implementation of its reform programme had “contributed to maintaining macroeconomic stability and building investor confidence”.
She added that sound economic policies, along with continued structural reforms, would be essential for sustaining economic growth and improving the welfare of Pakistan’s population.
