In a major move to secure the next tranche of international funding, the Pakistani government has announced its decision to publish the IMF Governance and Corruption Report before November 15, fulfilling the last condition set by the International Monetary Fund (IMF).

According to senior Finance Ministry officials, this step clears the final hurdle standing between Pakistan and the $1.2 billion disbursement — comprising $1 billion from the IMF and $200 million in climate financing.

“All other prior actions have already been completed,” confirmed a source in the Ministry of Finance, adding that the IMF Executive Board is likely to meet in December 2025 to approve the funding.

The IMF had made the early release of the IMF Governance and Corruption Report a key prerequisite for the loan’s approval. Officials say technical formalities for its publication are now in the final stages. Once the report is released, the IMF Executive Board will hold its meeting to formally greenlight the much-needed installment.

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The report is expected to shed light on institutional inefficiencies, administrative shortcomings, and corruption concerns across government departments. It will also present reform recommendations aimed at improving governance, transparency, and accountability within public institutions.

Finance Ministry sources revealed that an implementation framework—detailing steps to address the report’s findings—will be shared with the IMF soon after publication. The report, originally due in July 2025, was delayed twice after Pakistan requested more time during earlier review discussions.

Once approved, the $1.2 billion tranche will serve as a crucial support to Pakistan’s economic stabilization program, while also strengthening climate resilience initiatives. Experts believe this move could restore investor confidence and signal Islamabad’s renewed commitment to transparency and reform.