IMF to Release $1.2 Billion to Pakistan on December 9

Islamabad: The International Monetary Fund (IMF) has scheduled an executive board meeting for December 8 to approve the release of $1.2 billion to Pakistan under two loan programmes.

According to official sources, the IMF will release $1 billion under the Extended Fund Facility (EFF) and $200 million under the Resilience and Sustainability Fund (RSF). The funds are expected to reach Pakistan’s central bank on December 9, bringing total disbursements under both programmes to around $3.3 billion.

The IMF board will hold separate meetings on the same day to review agreements with Pakistan and Somalia.

Before the board meeting, Pakistan is expected to publish the Governance and Corruption Diagnostic (GCD) Assessment Report, which was prepared by IMF technical experts. The report is one of the main structural conditions of the EFF. It had been delayed several times since July due to technical differences but is now ready for release.

Officials said the report was developed after consultations with several institutions, including the Supreme Court of Pakistan, the National Accountability Bureau (NAB), the Federal Board of Revenue (FBR), and the State Bank of Pakistan. It highlights weaknesses in tax collection, financial management, and accountability systems.

The IMF has urged Pakistan to strengthen its anti-corruption measures and improve transparency in government departments. The Fund has also asked for better oversight of public officials’ assets and stronger enforcement of financial disclosure rules.

The upcoming IMF report will guide Pakistan in preparing a governance action plan to address corruption and administrative loopholes.

In its earlier review, the IMF praised Pakistan’s progress in restoring macroeconomic stability. It noted improvements such as a current account surplus, contained inflation, and stronger financial reserves. However, it also warned that the country remains vulnerable to climate-related risks, especially after last year’s floods that caused heavy damage to agriculture and infrastructure.

The IMF said Pakistan’s economic recovery “remains on track,” but emphasized the need for long-term reforms to sustain growth and prevent future crises.