Pakistan receives $1.3b tranche from IMF: SBP
The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters
The State Bank of Pakistan (SBP) said on Wednesday it had received about $1.3 billion from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) programmes, in a post on X.
The post read that, "The IMF Executive Board completed third review under the Extended Fund Facility (EFF) in its meeting held on May 8, 2026, and approved the disbursement of SDR 760 million for Pakistan".
"Furthermore, the IMF Executive Board has also approved the disbursement of the second tranche of SDR 154 million under the RSF," it added.
#SBP has received about US$1.3 billion under the IMF’s EFF and RSF programs
The IMF Executive Board completed third review under the Extended Fund Facility (EFF) in its meeting held on 08 May 2026, and approved disbursement of SDR 760 million for Pakistan. Furthermore, the IMF…"Accordingly, SBP has received SDR 914 million (equivalent to about US$ 1.3 billion) under the EFF and RSF in value May 12, 2026, from the IMF," SBP added in a statement.
The central bank said that "the amount would be reflected in SBP’s foreign exchange reserves for the week ending on May 15, 2026".
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On Friday, the executive board of the IMF approved $1.2 billion worth of loan tranches after Pakistan accepted a dozen new conditions and assured it would stick to the pre-war programme targets to stay on the course of stabilisation.
With the fresh approval, Pakistan has so far received a $4.5 billion loan from the IMF against two separate debt packages totaling $8.4 billion. Pakistan has access to another $1 billion under the Extended Fund Facility and $200 million under the Resilience and Sustainability Facility.
The money would be disbursed early next week, which will take the central bank’s reserves to over $17 billion, said government officials.
However, the government had to stick to the old fiscal and monetary targets and gave a commitment to stay on the path of stabilisation despite strong voices against these policies that have caused higher unemployment, higher poverty, and higher income inequality.