ISLAMABAD: An International Monetary Fund (IMF) mission is set to arrive in Pakistan next week, Finance Minister Muhammad Aurangzeb announced on Wednesday. The visit comes ahead of the first review of the country’s $7 billion Extended Fund Facility (EFF), scheduled for March.

Pakistan secured the EFF last summer as part of its broader economic recovery plan. According to the finance minister, the economy has now stabilised, and the next priority is driving growth through increased exports.

The IMF team typically conducts a two-week assessment of fiscal reforms and economic policies during such reviews.

In addition to this visit, a separate IMF delegation is in Pakistan to discuss a $1 billion climate financing package. This funding will be provided under the IMF’s Resilience and Sustainability Trust, established in 2022 to support long-term concessional financing for climate-related initiatives, including adaptation strategies and the transition to cleaner energy.