Meeting Details
The International Monetary Fund (IMF) has confirmed that its Executive Board will convene today, Monday, December 8, to decide on the approval of a $1.2 billion loan package for Pakistan. According to the IMF’s official statement, the Board will review Pakistan’s ongoing loan program and assess compliance with agreed reforms.
Background
In October, Pakistan and the IMF reached a staff‑level agreement following negotiations held between September 24 and October 8. While the agreement outlined key fiscal and structural commitments, the disbursement of funds requires formal approval from the Executive Board.
Loan Structure
If approved, Pakistan will receive approximately $1.2 billion in financing. This includes:
- $1 billion under the Extended Fund Facility (EFF)
- $200 million under the Resilience and Sustainability Facility (RSF)
Significance
International media highlight that Pakistan’s economy remains under pressure from external debt obligations, inflation, and foreign exchange shortages. The IMF loan is expected to provide short‑term relief, stabilize reserves, and support reforms aimed at fiscal discipline and sustainable growth.