IMF approves $1B disbursement for Pakistan

​​​​​​​By Gokhan Ergocun

ISTANBUL (AA) - The IMF completed the first review of Pakistan’s Extended Fund Facility (EFF) Arrangement, enabling the release of an approximately $1 billion disbursement, according to a statement Friday

It commended authorities for their robust program implementation, which has bolstered financing, improved external conditions and supported ongoing economic recovery.

Looking ahead, the IMF emphasized key policy priorities, including reforms to enhance competition, boost productivity and competitiveness, overhaul state-owned enterprises, improve public service delivery, ensure energy sector sustainability and strengthen climate resilience.

Additionally, the Executive Board approved Pakistan’s request for a Resilience and Sustainability Facility (RSF) arrangement, providing access to $1.4 billion to support efforts in building economic resilience against climate vulnerabilities and natural disasters.