Islamabad: The International Monetary Fund (IMF) Executive Board is set to convene tomorrow, December 8, to review and likely approve a $1.2 billion tranche for Pakistan.
Sources indicate that Pakistan will receive $1 billion from this tranche, with an additional $200 million expected under climate financing initiatives. The approval follows a staff-level agreement reached between Pakistan and the IMF on October 14, after Pakistan fulfilled all conditions necessary for disbursement.
One key condition was the release of the Corruption and Governance Diagnostic Report, which Pakistan has now publicly issued. This report was a prerequisite for the tranche release and demonstrates progress in governance reforms.
Pakistan’s current loan program, secured in September 2024, spans 37 months. The country has already received two tranches: $1 billion in September 2024 and another $1 billion in May 2025. The upcoming approval will mark the third tranche under this program, further supporting Pakistan’s economic stabilization efforts.
This development marks a significant step in Pakistan’s ongoing engagement with the IMF under its current loan program.