IMF approves 2 loan tranches of USD1.2bn

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved two loan tranches of around USD1.2 billion, including USD1 billion under the Extended Fund Facility (EFF) and about USD200 million under the Resilience and Sustainability Facility (RSF).

The Board on Monday completed Pakistan’s Second Review for the 37-month Extended Arrangement under the EFF and the first Review for the 28-month Arrangement under the RSF.

This allows the Pakistani authorities to draw the equivalent of about USD1.2 billion.

An IMF team, led by Iva Petrova, held discussions during September 24-October 8, 2025, mission to Karachi and Islamabad, and in Washington, DC, for the second review under the EFF and the first review under the RSF.

On October 15, the Fund stated that the Pakistani authorities and the IMF staff have reached a staff-level agreement on the second review under Pakistan’s EFF and the first review under RSF. The staff-level agreement was subject to approval by the IMF Executive Board.—TAHIR AMIN