The State Bank of Pakistan (SBP) has received the second tranche of $1.023 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) programme.
The amount will be reflected in SBP’s foreign exchange reserves for the week ending on 16th May 2025, the bank said in a statement.
Last week, the IMF’s Executive Board formally approved a $1 billion disbursement for Pakistan under the EFF, marking a significant step in the country’s ongoing economic stabilisation efforts.
The tranche was greenlit following Pakistan’s successful completion of key performance benchmarks. The EFF programme, which is designed to support countries facing balance-of-payment difficulties, spans a 37-month period.
Additionally, Pakistan is also a participant in the Resilience and Sustainability Facility (RSF), which is aimed at enhancing climate resilience and spans 28 months. However, the current disbursement only pertains to the EFF.
This immediate release of funds is expected to provide crucial support to Pakistan’s foreign exchange reserves, ease fiscal pressure, and help maintain economic momentum amid ongoing global financial uncertainty.