According to Resident Representative in Pakistan Esther Pérez Ruiz, an International Monetary Fund (IMF) mission will visit Pakistan on November 2, 2023, for an economic review of the $3 billion stand-by agreement (SBA).
This review is an extension of the nine-month SBA that was granted approval in July. The current program review scheduled for next week is anticipated to offer a forward-looking policy underpinning for perhaps unlocking the remaining bailout, resolving both internal and external imbalances, and providing a framework for financial help from partners other than the IMF, both multilateral and bilateral.
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Notably, the IMF released $1.2 billion in July as part of the first tranche, and the remaining quota may be disbursed following the meeting on November 2.
