IMF Approves $6bn Loan For PakistanSource: www.export-egypt.com 7/4/2019, Location: Asia |
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The International Monetary Fund (IMF) approved a $6 billion, three-year loan for Pakistan to try to right the nation's economy.
The IMF board released $1 billion to Pakistan immediately and said in a statement that the program aims to "support the authorities' economic reform program" and to help "reduce economic vulnerabilities and generate sustainable and balanced growth." The fund will review Pakistan's performance quarterly over 39 months, phasing release of the additional aid over time. |
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