Latest stories about Extended Fund Facility

Pakistan’s economic recovery has gained credibility after the IMF praised stronger than expected growth, improved external balances and the country’s first current account surplus in fourteen years. The Fund notes that reserves are rising and inflation is contained, though climate risks and reform challenges persist.

Building on the 2023 Stand-by Arrangement, IMF staff and Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility of about US$7 billion, aiming to cement macroeconomic stability, strengthen fiscal and monetary policy, broaden the tax base, improve SOE management, enhance competition, secure investment, enhance human capital, and expand social protection.