IMF

Pakistan is set to undergo a crucial International Monetary Fund (IMF) loan review, with approximately USD 7 billion in financial assistance hanging in the balance. The review, aimed at evaluating Pakistan’s fiscal and structural reforms, will determine the continuation of IMF support under the existing Extended Fund Facility (EFF). Analysts emphasize that timely approval is critical for Pakistan to stabilize its foreign exchange reserves, manage external debt obligations, and sustain macroeconomic stability.

Pakistan is poised for a pivotal International Monetary Fund (IMF) review, with USD 7 billion (approximately Rs. 6.3 trillion) in funding contingent on meeting fiscal, monetary, and structural reform targets. The review will assess Pakistan’s progress on budgetary consolidation, foreign exchange stability, and macroeconomic reforms aimed at reducing fiscal deficits and promoting sustainable growth. IMF approval is crucial to unlocking tranche disbursements, supporting foreign reserves, and maintaining investor confidence.

Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as an Executive Director at the International Monetary Fund (IMF), marking a significant development for India’s representation in the multilateral financial institution. Patel, an accomplished economist with extensive experience in monetary policy, fiscal management, and institutional reforms, is expected to play a pivotal role in shaping policy discussions at the global level.