IMF Approves $7 Billion EFF for Pakistan and Supports Lebanon’s Economic Reforms

The IMF has approved a $7 billion EFF for Pakistan, allowing for immediate access to funds and supporting economic stability. Additionally, discussions are underway for a new program in Lebanon to address its economic challenges, focusing on comprehensive reforms and strategies for recovery.

On September 25, 2024, the International Monetary Fund (IMF) Executive Board approved a 37-month Extended Fund Facility (EFF) arrangement for Pakistan, amounting to $7 billion. Following a staff-level agreement on the First Review, reached on March 25, 2025, the EFF enables Pakistan to access approximately $1 billion upon its approval, alongside an additional $1.3 billion through the Resilience and Sustainability Facility (RSF) throughout the arrangement.

The IMF’s recent approval of a $7 billion EFF arrangement for Pakistan signifies a vital step towards economic recovery, providing both immediate and mid-term financial access. Concurrently, the IMF is actively assisting Lebanon in crafting a comprehensive economic reform strategy, underscoring a commitment to addressing significant economic challenges in both regions.

Original Source: mediacenter.imf.org