The State Bank of Pakistan on Wednesday confirmed that Pakistan has received $1.32 billion from the International Monetary Fund following the completion of the third review under the Extended Fund Facility (EFF).
According to the central bank, the IMF Executive Board approved the release of $1.1 billion under the EFF programme along with nearly $220 million under the Resilience and Sustainability Facility (RSF).
The SBP stated that Pakistan received SDR 914 million, equivalent to around $1.32 billion, from the IMF on May 12, 2026. The amount will be reflected in the country’s foreign exchange reserves for the week ending May 15, 2026.
The IMF had cleared the disbursement during its Executive Board meeting held on May 8, providing Pakistan with additional financial support as it works to stabilise the economy, rebuild reserves, and control inflation while continuing key reforms.
The global lender said Pakistan remains focused on increasing revenue collection, advancing privatisation of state-owned enterprises, and maintaining macroeconomic stability through consistent policy implementation.
The government welcomed the development, calling it a positive sign of the IMF’s confidence in Pakistan’s economic policies and reform agenda. Deputy Prime Minister and Foreign Minister Ishaq Dar said the approval reflects trust in the government’s economic measures.
Pakistan’s 37-month EFF programme, approved in September 2024, is aimed at strengthening economic resilience and supporting sustainable growth. The reform agenda includes rebuilding foreign exchange reserves, broadening the tax base, improving productivity and competition, reforming state-owned enterprises, and enhancing public services.
The programme also prioritises increased spending on health, education, and social protection, alongside efforts to restore the energy sector and strengthen anti-corruption measures.
Meanwhile, the 28-month RSF arrangement approved in May 2025 is designed to help Pakistan improve climate resilience and reduce vulnerability to natural disasters through reforms in disaster preparedness, water management, public investment, and climate risk management.
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