IMF Board to review EFF, RSF on May 8

ISLAMABAD: The International Monetary Fund (IMF) Executive Board is scheduled to consider Pakistan’s third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF) on May 8, according to an update on the lender’s website. The development follows a staff-level agreement reached on March 27 between IMF staff, led by Iva Petrova, and Pakistani authorities after detailed policy discussions held in Karachi and Islamabad from February 25 to March 2, and subsequently through virtual engagements. In its statement issued at the conclusion of the mission, the IMF confirmed that the agreement covers the third review of the 37-month EFF programme and the second review under the 28-month RSF arrangement. READ MORE: IMF Chief Kristalina Georgieva praises Pakistan’s steady progress on economic reforms The agreement remains subject to formal approval by the IMF Executive Board. Upon approval, Pakistan would gain access to approximately USD1.0 billion (SDR 760 million) under the EFF, along with an additional $210 million (SDR 154 million) under the RSF. This would bring total disbursements under both facilities to around USD4.5 billion, providing much-needed external financing support to the country’s fragile economy. The upcoming board consideration is being closely watched, as it will unlock critical inflows at a time when Pakistan continues to grapple with external financing pressures, subdued growth, and the need to maintain macroeconomic stability under IMF conditionalities. Copyright Business Recorder, 2026

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