The Executive Board of the International Monetary Fund (IMF) is scheduled to meet today, with Pakistan expecting approval of approximately $1.2 billion, according to official sources.
The IMF’s board calendar for December 8–14 confirms that Pakistan’s case is on the agenda. The board is set to review the staff-level agreement recently reached with Islamabad.
Under the current loan programme, the board may approve the release of a $1 billion tranche. Additionally, Pakistan could receive the first $200 million installment from the Resilience and Sustainability Facility (RSF), which supports climate-related initiatives.
Final approval will be determined during the board’s deliberations.
Earlier reports indicated that Pakistan had agreed to a key IMF condition requiring a special audit of supplementary grants issued over the past ten years.
Pakistan has also accepted another IMF measure aimed at limiting the federal government’s discretionary authority in issuing supplementary grants.
The 10-day technical discussions between Pakistan and the IMF, which began on November 11, have concluded.
The talks focused on reforms in public finance management (PFM) and measures to improve transparency in the budget process.
According to sources, the digital Public Finance Management Assessment was reviewed, and oversight mechanisms for the digitized PFM master plan were discussed.
