The IMF Executive Board meeting approaches as Pakistan seeks a $1.2 billion tranche.

The International Monetary Fund has convened an Executive Board meeting on May 8 to deliberate on the approval of a $1.2 billion tranche for Pakistan.

The IMF has officially announced that the Board will evaluate Pakistan’s performance under the Extended Fund Facility (EFF) program. The permission is contingent to the successful completion of the third economic evaluation, anticipated to be ratified during the meeting.

The statement additionally indicated that the Board will address the second review under the Resilience and Sustainability Facility (RSF), a program designed to assist countries in confronting climate change problems.

On March 27, Pakistan and the IMF finalised a staff-level agreement, facilitating the forthcoming Board review. The approval of the tranche would furnish essential financial assistance to stabilise the nation’s economy and enhance its external standing.

Pakistan has met 13 of the 17 quantitative targets established under the IMF loan program by December 2025, while two targets were unmet and data for two more targets was not submitted to the IMF, sources reported on Friday.