An important step toward Pakistan’s transition from macroeconomic stability to growth is the IMF’s staff-level agreement (SLA) with the country’s authorities on the first review of the 37-month Extended Fund Facility (EFF) and the introduction of a new 28-month arrangement under the Resilience and Sustainability Facility (RSF), which comes to about $1.3 billion.
With this arrangement, Pakistan will have access to roughly $1 billion under the EFF, bringing the total payments to about $2 billion, subject to approval by the IMF’s Executive Board. The RSF intends to assist the nation’s efforts to improve water resource management, develop climate information systems, improve budget and investment planning for climate adaptation, increase resilience to natural catastrophes, and link energy sector changes with mitigation targets.
