The International Monetary Fund (IMF) has reached a staff-level agreement with the Pakistani authorities, a key step toward unlocking $1.2 billion in funding. The fund said they have reached the agreement on the third review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF) and the second review of the 28-month arrangement under the Resilience and Sustainability Facility (RSF).
It added that the staff-level agreement is subject to approval by the IMF Executive Board. Upon approval, Pakistan will have access to about US$1.0 billion (SDR 760 million) under the EFF and about US$210 million (SDR 154 million) under the RSF, bringing total disbursements under the two arrangements to about US$4.5 billion.
The statement comes after an IMF team, headed by Iva Petrova, held discussions with Pakistani authorities in Karachi and Islamabad from February 25 to March 2, 2026.