IMF board to meet Dec 8 to approve disbursement of $1.2bn to Pakistan

The International Monetary Fund’s Executive Board will meet on Dec 8 to review Pakistan’s request for a $1.2 billion disbursement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), according to the Fund’s updated schedule. Pakistan and the IMF reached a staff-level agreement in October after negotiations in Karachi, Islamabad, and Washington. The deal, covering reviews of both the EFF and RSF, requires board approval before funds can be released. Clearance would unlock about $1.2 billion, roughly $1 billion under the EFF and $200 million through the RSF. Separately, IMF Deputy Managing Director Bo Li praised Pakistan’s reform trajectory, calling the country “on the right path of reform and resilience,” the Finance Division said.