The International Monetary Fund (IMF) Executive Board has scheduled a meeting for December 8 to approve a $1.2 billion loan package for Pakistan.
According to official sources, Pakistan will receive $1 billion under the Extended Fund Facility (EFF) and $200 million in climate financing as part of the new disbursement.
The IMF calendar shows that the Executive Board will hold two separate meetings on December 8 — one for Pakistan and another for Somalia — to approve their respective Staff Level Agreements (SLAs).
Before the meeting, Pakistan is expected to release the Governance and Corruption Diagnostic (GCD) Assessment Report, a key structural benchmark under the EFF program.
The report, prepared by an IMF technical mission, highlights severe weaknesses in Pakistan’s public financial management, tax administration, and asset disclosure systems. It also points out that many public officials fail to declare their assets to tax authorities, while several regulatory bodies enjoy exemption from accountability mechanisms.
According to IMF sources, this lack of transparency has fueled corruption across bureaucratic and political circles, placing Pakistan among the higher-ranked countries in global corruption indices.