Islamabad: The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second installment under the Extended Fund Facility (EFF) from the International Monetary Fund (IMF), amounting to Special Drawing Rights (SDR) 760 million, or approximately $1.02 billion.
The central bank stated that the inflow will be reflected in its liquid foreign exchange reserves for the week ending May 16, 2025.
This disbursement follows the successful completion of the first review of Pakistan’s economic reform program by the IMF Executive Board.
The completion of the review paved the way for the immediate release of the funds, offering much-needed support to Pakistan’s external account and foreign reserves.
In addition to the EFF tranche, the IMF Executive Board also approved Pakistan’s request for support under the Resilience and Sustainability Facility (RSF).
This facility is aimed at helping the country build economic resilience to climate change-related challenges and natural disasters, providing access to around $1.4 billion (SDR 1 billion) in additional funding.
Read More: IMF Approves $2B for Pakistan Next Month
In its official statement, the IMF noted that the total disbursements to Pakistan under the current EFF arrangement now stand at $2.1 billion (SDR 1.52 billion).
The original staff-level agreement, finalized in July 2024, set the EFF total at SDR 5.32 billion, or approximately $7 billion, which was subsequently approved by the IMF Board in September of the same year.
Analysts consider the IMF programme vital for Pakistan’s economic stability, providing both financial support and a policy framework for structural reforms.
Also Read: Pakistan Avoids Mini-Budget as IMF Talks End on Positive Note
The continued engagement with the IMF not only strengthens investor confidence but also offers a clearer path for managing external pressures and maintaining macroeconomic stability in the face of global uncertainties.
