ISLAMABAD (Dunya News) - The International Monetary Fund has scheduled an Executive Board meeting on May 8 to consider the approval of a $1.2 billion tranche for Pakistan.
According to an official statement issued by the IMF, the Board will review Pakistan’s performance under the Extended Fund Facility (EFF) program. The approval is linked to the successful completion of the third economic review, which is expected to be endorsed during the meeting.
The statement further noted that the Board will also take up the second review under the Resilience and Sustainability Facility (RSF), a program aimed at supporting countries in addressing climate change challenges.
Pakistan and the IMF had reached a staff-level agreement on March 27, paving the way for the upcoming Board consideration. The approval of the tranche would provide much-needed financial support to stabilize the country’s economy and strengthen its external position.
Read also: Pakistan meets most IMF targets, $1.2bn tranche approval likely
Pakistan has achieved 13 out of 17 quantitative targets set under the IMF loan programme by December 2025, while two targets were not met and data for two others could not be provided to the IMF, sources said on Friday.