The International Monetary Fund (IMF) on Friday (May 9, 2025) approved the immediate disbursement of approximately $ 1 billion to Pakistan under the installation of Found Found in progress.
In a statement, Washington’s overall leading lender said that its Executive Board concluded the initial review of the Pakistan Economic Reform Program under the Extended Fund Fund Agreement (EFF).
“This decision allows an unrelated disbursement of around USD 1 billion (SDR 760 million), which carries the total disbursements under the agreement to approximately USD 2.1 billion (SDR 1.52 billion),” said the agency.
In addition, the IMF Executive Board approved the application of the authorities of an agreement under the resilience and sustainability center (RSF), with access of approximately $ 1.4 billion (SDR 1 billion).
The IMF said in a statement that the EFF of 37 months of Pakistan was approved on September 25, 2024, and “aims to develop resilience and allow sustainable growth”, with priorities that include the consolidated sustainability consolidated.
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He said that RSF will support Pakistan’s efforts to reduce vulnerabilities to natural disasters and to develop economic and climatic resilience.
After the discussion of the Executive Board, the deputy director and president of Nigel Clarke, Saids to The Outlook, remains elevated, “in part of the uncertainty of global economic policy, the increase in geopolitical tensions and persistent domesticitis.
India previously raised Conerns on the effectiveness of IMF programs in the case of Pakistan, given its poor history, and also about the possibility of misuse of debt financing funds for cross -border terrorism sponsored by the State.
Nueva Delhi also opposed the IMF proposal to extend new loans of $ 2.3 billion to Pakistan, saying that they could be misused to calculate cross -border terrorism sponsored by the State.
India registered his protest at the IMF Board, which on Friday reviews the EFF loan program for Pakistan. New Delhi refrained from voting at the IMF crucial meeting.
The opposition of India in the IMF arrives at a time when the military conflict between India and Pakistan has intended for a terrorist attack in the Pahalgama de Cashmiro killed 26 people, mainly tourists, on April 22.
India said that the continuous sponsorship of cross -border terrorism sends a dangerous message to the global community, exposes financing agencies and donors to reputation risks and mocks global values.
“While the concern that the fungible entries of international financial institutions, such as the IMF, could be misused for military cross -border terrorist purposes sponsored by the State resonated with several is the Circle and Tense Project Proceed is a serious gap that highlights the urgent need to guarantee that moral values are appropriate consultations in the procedures followed by the procedures followed by the global financial institutions,” said the global financial institutions. Ministry
In addition, he said that the deeply entrenched interference of the Pakistan army in economic affairs raises significant risks of policy landslides and the reversal of reforms.
“The situation has not changed for the better; but Pakistan’s army now plays a leading role in the Special Investment Facilitation Council of Pakistan,” he said.
Meanwhile, a statement issued by the Office of the Prime Minister in Pakistan said: “Prime Minister Shehbaz Sharif expressed his satisfaction on the focus of a 1 billion delivery for Pakistan by the IMF and the failure of the high acquaintances of India against him.”
Pakistan’s “economic situation has improved, and the country is moving towards development. India is planning a conspiracy to divert the attention of our country through unilateral aggression,” he said.
“Indian tries to sabotage the IMF program has failed,” the statement said, adding that the IMF program would help stabilize Pakistan’s economy and put it on the road to long -term recovery.
“We are working in priority areas such as Fiscal Reform, Best Performance of the Energy Sector and Development of the Private Sector. The improved economic indicators in the last 14 Monhs are a reflection of the positive government policies,” he said.
The approval of the IMF Executive Board has led to an immediate disbursement of USD 1 billion, which raises total disbursements under the loan program to approximately $ 2 billion.
Pakistan and the IMF had reached an aid package of $ 7 billion of three years last July with the new program established to allow the country to consolidate macroconomic stability and create conditions for a stronger, more inclusive and resistant growth.
The IMF and Pakistan had reached an agreement at the personnel level on March 25 of this year on the first biannual review of the loan program of $ 7 billion of 39 months, agreeing a series of reforms, including the introduction of a carbon gravation, temporary reviews of electric tariffs, the increase in water prices and the liberalization of the automobile sector.
Published – May 10, 2025 03:17 am istt