Pakistan likely to secure USD 1.2 billion IMF tranche after May 8 board meeting

Pakistan is likely to receive the next tranche of funding under its loan program from the International Monetary Fund, with approval expected during a meeting of the lender’s executive board scheduled for May 8, according to sources familiar with the matter.

The board is expected to approve more than USD 1.2 billion for Pakistan as part of its ongoing economic support programs. The disbursement would include funds under the USD 7 billion Extended Fund Facility (EFF) and the USD 1.4 billion Resilience and Sustainability Facility (RSF).

Sources said Pakistan has successfully completed the third review of the EFF program, paving the way for the likely release of a fourth tranche of about USD 1 billion. An additional USD 210 million is expected following the second review of the RSF program.

Pakistan and the IMF reached a staff-level agreement on March 27. If the executive board approves the latest tranche, the funds are expected to be disbursed promptly and transferred to the State Bank of Pakistan.

Pakistan secured the 37-month EFF program in September 2024. Since then, the country has received three tranches of USD 1 billion each in September 2024, May 2025 and Dec. 11, 2025.

Under the RSF program, Pakistan is also expected to receive an initial disbursement of USD 200 million aimed at supporting climate-related initiatives, sources added.