ISLAMABAD: The IMF Executive Board is set to evaluate the initial review within Pakistan’s existing $3 billion stand-by arrangement (SBA) on January 11, 2024, per the updated calendar on the Fund’s website.
The current SBA is slated to conclude in the second week of April 2024, with approximately $1.8 billion yet to be disbursed. The Fund paid the initial tranche of $1.2 billion in July.
A staff-level agreement between the IMF and Pakistani authorities was reached on November 15 for the first review under Pakistan’s SBA, contingent on approval by the IMF Executive Board. Upon receiving approval, Pakistan is expected to gain access to SDR 528 million (equivalent to around $700 million).
It is worth mentioning here that the IMF calendar is subject to change and that the agenda for every meeting is typically finalized the day before the meeting.
