Pakistan reached a staff-level agreement with the IMF on a $7bn extended fund facility for economic support, pending board approval.
Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) on a $7 billion extended fund facility, pending board approval. The loan aims to help Pakistan overcome economic challenges, including inflation and a depleted foreign exchange reserve. The agreement follows the IMF's Executive Board completing its reviews on Pakistan's economic performance and progress.
July 12, 2024
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