Current location:Global Grid news portal > world
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
Global Grid news portal2024-05-21 06:25:35【world】2People have gathered around
IntroductionKABUL, Afghanistan (AP) — The International Monetary Fund on Monday approved the immediate release o
KABUL, Afghanistan (AP) — The International Monetary Fund on Monday approved the immediate release of the final $1.1 billion tranche of a $3 billion bailout to Pakistan, the global lender said in a statement.
Pakistan needs the money to overcome one of the worst economic crises in its history that had raised fears it could default on the payment of foreign debts.
As part of the bailout conditions, the government was required to reduce subsidies intended to cushion the impact of rising living costs. This contributed to an increase in prices, especially energy bills, and angered the public. Islamabad also imposed new taxes, another unpopular move.
But an IMF official said the country’s “determined policy efforts” have brought progress in restoring economic stability.
Moderate growth has returned, external pressures have eased and, while still elevated, inflation has begun to decline, said Antoinette Sayeh, the IMF’s deputy managing director and chair, in the statement.
Address of this article:http://india.quotesbonanza.com/content-18a399681.html
Very good!(81815)
Related articles
- Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
- Vanderbilt coach Mark Byington brings Jaylen Carey with him from James Madison
- Iraq calls for ending UN assistance mission by end of 2025
- Community colleges offer clean energy training as climate
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- Angela Bassett looks red hot in bold plunging blazer and figure
- Hungary will vote against U.N. resolution commemorating the 1995 genocide in Bosnia, minister says
- Koepka sets the stakes, and the menu, at PGA champions dinner at Churchill Downs
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Vanderbilt coach Mark Byington brings Jaylen Carey with him from James Madison
Popular articles
Recommended
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Petco, Nextracker rise; Dlocal, AMC Entertainment fall, Wednesday, 5/15/2024
Talor Gooch sees his PGA Championship invitation as evidence sanity may prevail in LIV/PGA split
Hungary will vote against U.N. resolution commemorating the 1995 genocide in Bosnia, minister says
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
Angela Bassett pays tribute to 9
Mariners activate Dominic Canzone off injured list. J.P. Crawford getting closer to return
Meryl Streep, 74, says 'she's in awe of actresses who are producing movies themselves'
Links
- Xi Meets Sri Lankan President
- Chinese airlines increasing flights to U.S.
- Feelings mixed over delivery rule change
- Apple to expand in China with new research labs
- Equipment key to new quality productive forces
- Traditional Double Sixth Festival celebrated in SW China's Guizhou
- Creations of Givenchy showed during Haute Couture 2018 in Paris
- Xi Says China, U.S. Sister Cities Cooperation Fruitful
- Manufacturing access latest opening
- Alibaba to invest $640m in HK's entertainment industry