Current location:World Window news portal > style
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
World Window news portal2024-04-30 11:17:40【style】1People 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://www.samacharpostdainik.com/17302/
Very good!(84)
Related articles
- Chinese leaders extend Spring Festival greetings to veteran comrades
- U.S. democracy summit a show of its arrogance: African expert
- Reims and Rennes drop points in the French league chase for a European place
- Xi stresses establishing new systems for higher
- Relaunch of controversial program may send 'shock waves of fear' in U.S.
- Stormy, snowy weather expected across Japan: weather agency
- Xi's article calls on young officials to shoulder mission of the times
- Josh Bell homers, Max Meyer fans career
- Feature: Remote Ugandan villages visualize better future with Chinese oil works in backyard
- Stormy, snowy weather expected across Japan: weather agency
Popular articles
Recommended
Xi affirms nation's commitment to future of humanity
Leaders stress environmental cooperation
12 die as bus falls into ditch in central India
Feature: China
Airshow China kicks off in port city Zhuhai
State Council meeting studies policies to sustain economic recovery
Miro Heiskanan, Jason Robertson lead Stars past Kraken 3
Xi replies to letter from Chinese paratroopers
Links
- Israeli airstrike kills 14 in Gaza's refugee camp
- Chinese, PNG FMs hold in
- Exodus at GB News continues: Pip Tomson becomes third star to quit in just three months
- Trial starts in conspiracy
- Thai FM offers to resign after cabinet reshuffle
- Overseas Chinese history museum opens new branch in S. China
- Who is Humza Yousaf's wife Nadia El
- FDA brings lab tests under federal oversight in bid to improve accuracy and safety
- Beijing improves services to facilitate film and television projects
- China ready to strengthen high