Islamabad: The State Bank of Pakistan (SBP) has received the second tranche of Special Drawing Rights (SDR) equivalent to approximately USD 1.02 billion under the International Monetary Fund’s (IMF) Extended Fund Facility (EFF), the central bank confirmed on Wednesday.
This inflow, recorded as SDR 760 million, will be reflected in the SBP’s foreign exchange reserves for the week ending May 16, 2025. The disbursement follows the IMF Executive Board’s successful completion of the first review of Pakistan’s economic reform programme under the EFF agreement.
With this latest tranche, total IMF disbursements to Pakistan under the EFF have reached approximately USD 2.1 billion (SDR 1.52 billion). Additionally, the IMF Board has approved Pakistan’s request for funding under the Resilience and Sustainability Facility (RSF), which is expected to provide around USD 1.4 billion to help the country address climate-related vulnerabilities and strengthen long-term economic resilience.
The EFF, finalized in July 2024 and formally approved in September, outlines a reform agenda aimed at improving macroeconomic stability and increasing foreign exchange reserves. Economic analysts see these developments as positive steps toward economic stabilization and long-term growth for Pakistan.
