ISLAMABAD – Pakistan is likely to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) next month, as the Fund’s Executive Board meets on December 8 to approve the next tranche under two ongoing programs. The payment is expected to be credited to Pakistan’s account by December 9.
The IMF board meeting will review Pakistan’s performance under the $7 billion Extended Fund Facility (EFF) and the $1.4 billion Resilience and Sustainability Facility (RSF). The staff-level agreement, finalized on October 14, paves the way for the release of $1 billion under the EFF and $200 million under the RSF. This will bring total disbursements under both programs to around $3.3 billion.
Read more: IMF begins mission to fix Pakistan’s budget gaps
Before the board meeting, Pakistan is required to publish its long-awaited Governance and Corruption Diagnostic Assessment Report — a key structural benchmark under the EFF. The report’s release has been delayed multiple times due to technical disagreements between Pakistani authorities and IMF experts. Officials now say these differences have been resolved, and the report will be made public before the IMF board meets.
The comprehensive report was jointly developed by IMF technical and legal teams, in consultation with the OECD, FATF, and Pakistani institutions such as the judiciary, NAB, FBR, and the Ministry of Finance.
It identifies weaknesses in public finance management, taxation, and accountability systems, urging reforms to improve transparency and reduce corruption. The IMF insists that Pakistan adopt stronger safeguards against misuse of authority and corruption to rebuild investor and business confidence.
Read more: ‘Pakistan now on a new path of growth and renewal’
Despite governance challenges, the IMF has praised Pakistan’s recent economic performance, citing a current account surplus for the first time in 14 years, improved foreign reserves, lower inflation, and narrowing bond spreads.
However, the Fund warned that recent floods, which affected over seven million people, will weigh on the economy — prompting a GDP growth forecast of 3.25 to 3.5 percent for FY2026. The IMF emphasized that Pakistan must continue structural and climate resilience reforms to ensure long-term economic stability.