The IMF’s Executive Board has given its nod to the second review of Pakistan’s Standby Arrangement (SBA), greenlighting the prompt disbursement of $1.1 billion to the country.
With this approval, Pakistan will have received a total of $3 billion under the SBA. The completion of the second and final review signals the efficacy of Pakistan’s rigorous policy measures, which have played a pivotal role in stabilizing the economy and fostering modest growth.
In its statement, the IMF underscored the imperative for Pakistani authorities to persist in their policy and reform endeavors, transitioning the nation from stability to a robust and sustainable recovery trajectory. The IMF emphasized the importance of adhering strictly to fiscal targets while ensuring support for the vulnerable segments of society, alongside maintaining a market-oriented exchange rate to absorb external shocks and foster stronger, more inclusive growth. Furthermore, the IMF stressed the necessity of expanding rigorous reforms to fortify the economy.