Pakistan and the IMF on Wednesday, October 15, reached a staff-level agreement (SLA) on the country’s loan programmes, paving the way for Islamabad to access $1.2 billion, pending approval from the global lender’s board.

The Washington-based International Monetary Fund (IMF) will provide Pakistan with $1 billion under its Extended Fund Facility (EFF) and $200 million under its Resilience and Sustainability Facility (RSF) after approval from the fund’s board.

Last week, an IMF mission led by Iva Petrova concluded talks with Pakistani authorities on the second review of the EFF agreed in 2024 and the first review for the RSF climate loan agreed this year, but it left Pakistan without signing a staff-level agreement.

In a statement issued early on Wednesday, Petrova stated that the staff-l

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