IMF Reaffirms Backing for Pakistan Bailout Ahead of Key May 9 Review

The International Monetary Fund (IMF) confirmed on Thursday that its Executive Board will hold a meeting about Pakistan’s bailout program as planned on May 9, 2025. “As has been announced, the Board meeting for the first EFF [Extended Fund Facility] review and RSF [Resilience and Sustainable Facility] is scheduled for May 9,” an IMF spokesperson said in a statement. The IMF added, “The IMF supports Pakistan’s economic program through its EFF, which is specifically designed to build reserves and help reforms aligned with the objectives of the EFF, which are to restore macroeconomic policy credibility, build resilience including through stronger buffers, and create stronger inclusive growth.” Reuters had reported last week that India has requested the International Monetary Fund (IMF) to reassess the financial assistance it has provided to Pakistan. “We hope for a peaceful resolution and de-escalation between the two parties,” the statement added. The IMF Executive Board will discuss the first review of ongoing $7 billion bailout program as well as a new $1.3 billion arrangement under a climate resilience loan program.