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Extended Fund Facility (EFF) to Pakistan
May 15 , 2025
19 hrs 0 min
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- The Executive Board of the International Monetary Fund (IMF) decided to allow for “an immediate disbursement” of $1 billion (around Rs 8,500 crore) to Pakistan.
- This disbursal was done as the part of IMF’s Extended Fund Facility (EFF) to Pakistan.
- IMF provides the assistance under the EFF to countries that do not have enough money to pay their bills to the rest of the world for the goods and services they import.
- Pakistan’s total GDP has been stagnant over the past decade — in fact, the $338 billion in 2023 was lower than what it was in 2017.
- India abstained from voting at the IMF Executive Board meeting, reflecting its opposition within the limitations of IMF protocol.
- Unlike the United Nations, IMF board members can only vote in favour or abstain — there is no mechanism for a formal rejection.
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