Current location:sport >>
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
sport78318People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gazetteer news portal”。http://panama.downmusic.org/html-52b799203.html
Related articles
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
sportNEW YORK (AP) — Saudi Arabia’s move into tennis will now include a multiyear deal to sponsor the WTA ...
【sport】
Read moreBeijing, Hebei province brace for forecast snow
sportBy Du Juan and Zhang Yu (China Daily) 10:16, December 14, 2023Residents in Beijing enjoy the first s ...
【sport】
Read moreUruguayan businessman savors success of meat trade in China
sport(Xinhua) 13:38, December 11, 2023HEFEI, Dec. 9 (Xinhua) -- As steaks sizzle on the grill pan in a st ...
【sport】
Read more
Popular articles
- Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
- Prefab houses for quake
- Basketball games boost rural development, foster sports culture
- Guideline unveiled to make public use of autonomous driving vehicles safer
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- Milan draws at Sassuolo to leave Inter likely to clinch Serie A title in next round's derby
Latest articles
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
Cable car accident: 174 people stranded in the air rescued in Turkey
Chinese engineers install cutting
Guideline unveiled to make public use of autonomous driving vehicles safer
Tom Brady and Jay
Tottenham and Man United advance to Women's FA Cup final in England
LINKS
- UN Security Council adopts first cease
- China condemns terrorist attack in Pakistan
- Pressure mounts on Israel to spare Rafah
- Washington urged to respect rule of law in Hong Kong
- Policies yield key results in Xiong'an
- HK rallies behind new ordinance
- Beijing slams Washington on illegal claims of demarcation of seabed
- Xi holds talks with Indonesia's president
- China lodges solemn representations with U.S. over harassment of Chinese visitors
- China urges Israel to implement UN resolution on Gaza ceasefire