EFF to mobilise around $38.6 billion financing over three years: IMF

The International Monetary Fund (IMF)-supported programme is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan's international partners. This has been stated in IMF report "Request for an Extended Arrangement under the Extended Fund Facility". Significant financial support by official and bilateral partners aims to provide an important safeguard. The program is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan's international partners.
The first 12 months are fully financed with the expected support from multilateral development banks and bilateral creditors as follows: China $6.3 billion, Saudi Arabia $6.2 billion, UAE $1 billion, the World Bank $1.3 billion, the Asian Development Bank $1.6 billion and the Islamic Development Bank $1.1 billion.
To support long-term debt sustainability, the authorities have also received firm commitments from key bilateral partners (China, Saudi Arabia, and UAE) to maintain their exposure throughout the program period and to adjust the financing modalities to ensure that the new financing will be consistent with the program debt sustainability objectives by ensuring a manageable external debt servicing profile beyond the end of the IMF-supported program.