The Executive Board of the International Monetary Fund has scheduled a key meeting for May 8, during which Pakistan is expected to receive approval for the next tranche of 1.2 billion dollars, marking an important development for the country’s economy.
According to the IMF, the approval is linked to the completion of the third economic review under the Extended Fund Facility program, which is likely to be endorsed during the meeting and will advance the ongoing program with Pakistan.
In addition, the board will also consider approving the second review under the Resilience and Sustainability Facility related to climate change, which could further support Pakistan’s efforts to address environmental challenges.
Sources indicate that Pakistan has already fulfilled all the major conditions set by the global financial institution, strengthening the likelihood of the tranche approval.
It is worth noting that a staff-level agreement between Pakistan and the IMF was reached on March 27, after which the final approval has been awaiting the Executive Board’s decision.
