Pakistan and the IMF reached a staff-level agreement for a $1.2 billion loan under EFF and RSF programmes, pending board approval. The IMF lauded macroeconomic progress but noted flood-related risks to growth and stressed climate resilience measures.
The IMF has approved a $350 million disbursement to Sri Lanka under its $2.9 billion bailout, bringing total support to $1.74 billion. Despite earlier opposition, the NPP-led government continues to pursue IMF-backed reforms amid economic recovery efforts.
The disbursement of the second tranche comes on a day when the International Monetary Fund (IMF) is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region
