IMF and Pakistan Reach Staff Agreement for $1 Billion Loan, $1.3 Billion Climate Facility

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IMF and Pakistan Reach Staff Agreement for $1 Billion Loan, $1.3 Billion Climate Facility

//business-finance.news-articles.net/content/202 .. 1-billion-loan-1-3-billion-climate-facility.html

Published in Business and Finance on Tuesday, March 25th 2025 at 21:21 GMT by ProPakistani
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review of Pakistan's Extended Fund

The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement for a $1 billion loan under the Stand-By Arrangement (SBA) and an additional $1.3 billion under the Resilience and Sustainability Facility (RSF) to support climate initiatives. This agreement, pending approval by the IMF's Executive Board, aims to bolster Pakistan's economic stability and address climate change challenges. The funds are part of a broader economic reform program that includes fiscal consolidation, energy sector reforms, and enhancing climate resilience. The agreement follows a successful first review of Pakistan's economic performance under the SBA, which was initially approved in July 2023. The IMF has praised Pakistan for its commitment to implementing reforms despite facing significant economic and environmental pressures.

Read the Full ProPakistani Article at:
[ https://propakistani.pk/2025/03/26/imf-and-pakistan-reach-staff-agreement-for-1-billion-loan-1-3-billion-climate-facility/ ]

Publication Contributing Sources

ProPakistani

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