The Executive Board of the International Monetary Fund (IMF) is scheduled to meet tomorrow, with Pakistan expecting approval for approximately $1.2 billion in funding, according to official sources. The IMF’s board calendar for 8 to 14 December confirms that Pakistan’s case is on the agenda, with the board set to review the recently reached staff-level agreement with Islamabad.
Under the current loan program, the board may authorize the release of a $1 billion tranche. Additionally, Pakistan could receive the first $200 million installment from the Resilience and Sustainability Facility (RSF), which is designed to support climate-related initiatives. Final disbursement will depend on the board’s deliberations during the meeting.
Pakistan has reportedly agreed to key IMF conditions, including conducting a special audit of supplementary grants issued over the past decade and implementing measures to limit the federal government’s discretionary power in issuing such grants. These commitments were part of technical discussions that concluded after 10 days of detailed negotiations.
The IMF’s technical mission, which arrived in Pakistan on November 11, reviewed progress on budget-related targets, focusing on reforms in public finance management (PFM) and enhancing transparency in the budget process. Discussions included a review of the digital Public Finance Management Assessment and oversight mechanisms for the digitized PFM master plan, reflecting ongoing efforts to strengthen financial governance and accountability in the country.
