IMF board to meet on Dec 8 to approve $1.2bn disbursement for Pakistan

The International Monetary Fund (IMF) has scheduled a meeting of its executive board for December 8 to approve the disbursement of $1.2 billion to Pakistan under two ongoing programmes — the Extended Fund Facility (EFF) and the Resilience and Sustainability Fund (RSF), according to the schedule announced on the IMF website. 

The IMF executive board’s calendar shows two separate meetings on December 8 to approve agreements with Pakistan and Somalia.

Pakistan and the IMF reached a staff-level agreement on October 14 for the second review of the $7 billion EFF and the first review of the $1.4 billion RSF. 

Under the agreement, Pakistan will receive $1 billion from the EFF and $200 million under the RSF. The funds are expected to be credited to Pakistan’s account on December 9, raising total disbursements under both arrangements to about $3.3 billion.

According to a Dawn report, before the board convenes, Pakistan is required to publish the long-delayed Governance and Corruption Diagnostic (GCD) Assessment Report, a key structural benchmark under the EFF. The report’s release, originally due by the end of July and later extended multiple times, has been delayed because of technical disagreements between Pakistani authorities and IMF experts. Officials said these differences have now been resolved, and the report will be made public ahead of the meeting.

The GCD assessment, developed with inputs from agencies including the OECD and FATF, identifies weaknesses in Pakistan’s financial management, tax system, and accountability mechanisms. It follows an IMF mission earlier this year that held consultations with government departments, the judiciary, and anti-corruption agencies.

In its earlier statement on the staff-level agreement, the IMF acknowledged Pakistan’s progress in stabilising the economy — including a current account surplus, improved external buffers, and falling inflation — but cautioned that flood-related damage and climate vulnerabilities continue to weigh on growth.

The Fund projected Pakistan’s GDP growth for FY26 at around 3.25 to 3.5 percent, stressing the need to sustain macroeconomic discipline and accelerate reforms to strengthen resilience against future shocks.