The IMF is expected to authorise a $1.2 billion transfer for Pakistan on December 8.

The executive board of the International Monetary Fund (IMF) is set to convene on December 8, during which it is anticipated to authorise the disbursement of a $1.2 billion loan tranche for Pakistan.

The board is anticipated to sanction a payment of $1.2 billion under the Extended Fund Facility (EFF), comprising $1 billion for the EFF program and an extra $200 million for climate funding.

The complete sum is anticipated to be deposited to Pakistan’s account on December 9, resulting in total disbursements under both programs of around $3.3 billion.

Prior to the board meeting, Pakistan is anticipated to release its Governance and Corruption Diagnostic (GCD) Assessment Report, a crucial structural benchmark within the EFF program.

The report, initially scheduled for completion at the end of July, experienced multiple delays owing to technical and factual disputes between Pakistani officials and IMF experts.

Officials have announced that these discrepancies have been rectified, and Pakistan has pledged to release the report before the board meeting.

On October 14, Pakistan and the IMF finalised a staff-level agreement concerning the second review of the $7 billion Extended Fund Facility (EFF) and the inaugural review of the $1.4 billion Resilience and Sustainability Fund (RSF).