Pakistan PMO says IMF has approved $1 billion loan
The Hindu
IMF approves $1 billion disbursement to Pakistan under EFF, RSF arrangements, amid India's opposition and regional tensions.
The International Monetary Fund (IMF) on Friday (May 9, 2025) approved the immediate disbursement of about $1 billion to Pakistan under the ongoing Extended Fund Facility.
In a statement, the Washington-based global lender said its Executive Board concluded the initial review of Pakistan's economic reform programme under the Extended Fund Facility (EFF) arrangement.
"This decision allows for an immediate disbursement of around USD 1 billion (SDR 760 million), bringing total disbursements under the arrangement to about USD 2.1 billion (SDR 1.52 billion)," the agency said.
In addition, the IMF Executive Board approved the authorities' request for an arrangement under the Resilience and Sustainability Facility (RSF), with access of about $1.4 billion (SDR 1 billion).
The IMF said in a statement that Pakistan's 37-month EFF was approved on September 25, 2024, and "aims to build resilience and enable sustainable growth", with priorities including entrenching macroeconomic sustainability.
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It said the RSF will support Pakistan's efforts to reduce vulnerabilities to natural disasters and to build economic and climate resilience.
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