Stories
Pakistan Nears $1.2 Billion IMF Payout After Reaching New Staff-Level Agreement
- •Pakistan and the IMF reached a staff-level agreement that could unlock about $1.21 billion in fresh financing under two ongoing programmes, pending Executive Board approval.
- •The agreement encompasses the fourth review of the Extended Fund Facility and the third review of the Resilience and Sustainability Facility.
- •The IMF noted that Pakistan's real GDP grew 3.6 percent in full-year FY26, while headline inflation eased to about 10.3 percent in September.
- •The Fund emphasized the need for Pakistan to implement its FY27 budget, maintain a tight monetary stance, and advance key tax and energy sector reforms.
Key Questions Answered
Pakistan and the IMF reached a staff-level agreement to unlock about $1.21 billion in fresh financing under two programmes, pending Executive Board approval. This includes approximately $1 billion under the Extended Fund Facility and $210 million under the Resilience and Sustainability Facility.
The fresh staff-level agreement covers the fourth review of Pakistan's 37-month Extended Fund Facility and the third review of its 28-month Resilience and Sustainability Facility.
Pakistan's real GDP grew by 4 percent in the first three quarters of FY26, with full-year growth estimated at 3.6 percent by the IMF. Headline inflation peaked in May before easing to about 10.3 percent in September, while gross foreign exchange reserves reached about $21.5 billion.
