The IMF and Pakistan’s government have made progress in releasing the next USD 1 bln tranche under its current program. The second USD 1 bln installment of the USD 7 bln loan package will be disbursed once a staff-level agreement is reached. IMF financing has been crucial in helping Pakistan recover from a USD shortage, which brought the country to the brink of economic collapse. Additionally, discussions are ongoing for a new loan focused on climate-related actions.