IMF Confirms Review of Pakistan’s $7 Billion Program By Mid-March

The International Monetary Fund’s (IMF) Resident Representative in Pakistan Mahir Binici has confirmed that a mission will visit Pakistan in early to mid-March to conduct the first review of the country’s $7 billion bailout under the lender’s Extended Fund Facility (EFF) program. “An IMF staff team is scheduled to visit Pakistan in early to mid-March for discussions around the first review under Pakistan’s Extended Fund Facility-supported program and the authorities’ request for assistance under a Resilience and Sustainability Facility (RSF) arrangement,” the resident representative said in a statement. The visit will also include discussions on Pakistan’s request for $1.5 billion in financial assistance under the Resilience and Sustainability Facility (RSF). A technical team will arrive in Pakistan in late February to address technical matters related to a potential RSF arrangement. The upcoming discussions will be crucial for Pakistan as it seeks to secure continued support and explore additional funding under the RSF framework.