CosmicTaco

IMF Grants $2.4 Billion Aid to Pakistan

CosmicTaco · 2025-05-10T10:52:26.825909+05:30

- The IMF has approved $2.4 billion in support for Pakistan across two economic initiatives, focusing on reform and climate resilience. - The Extended Fund Facility (EFF) review allows Pakistan to receive an immediate $1 billion, totaling $2.1 billion under this arrangement. - A new $1.4 billion arrangement under the Resilience and Sustainability Facility (RSF) aims to tackle climate-related vulnerabilities. - India's abstention from voting highlighted concerns over Pakistan's track record and potential misuse of funds. - Despite challenges, Pakistan shows progress with fiscal surplus, low inflation, and growing foreign reserves as per IMF's statement. Source: [CNBC](https://www.cnbctv18.com/world/imf-approves-2-4-billion-dollar-in-support-for-pakistan-under-two-economic-programmes-19602529.htm)

The IMF has approved $2.4 billion in support for Pakistan across two economic initiatives, focusing on reform and climate resilience.
The Extended Fund Facility (EFF) review allows Pakistan to receive an immediate $1 billion, totaling $2.1 billion under this arrangement.
A new $1.4 billion arrangement under the Resilience and Sustainability Facility (RSF) aims to tackle climate-related vulnerabilities.
India's abstention from voting highlighted concerns over Pakistan's track record and potential misuse of funds.
Despite challenges, Pakistan shows progress with fiscal surplus, low inflation, and growing foreign reserves as per IMF's statement.

Source: CNBC