Current location:World Window news portal > world
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
World Window news portal2024-04-30 16:58:37【world】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/html-85d099897.html
Very good!(4196)
Related articles
- Interview: Somalia seeks drought relief funding in worst humanitarian crisis
- China's 17
- Hard Work, Many Revisions Made Paralympic Mascot
- Helping Women Villagers Embroider Better Lives
- Hungary ends row with EU over aid
- Enjoying Life near Beijing Central Axis
- All England Open: Zheng/Huang retain mixed doubles title
- Paris 2024 unveils volunteer uniforms
- Scholars of South Sudan, China pledge collaboration for mutual development
- Helping Ewenki People Escape Poverty by Developing Tourism
Popular articles
Recommended
Xi Congratulates Tamas Sulyok on Election as Hungarian President
From Migrant Worker to Reform Pioneer
China Wins Two More Gold Medals, Qin Lands Second Breaststroke Title
Chen Yufei Wins Women's Singles Title at 2023 Indonesia Open
Shenzhou XVI crew looks forward to challenge
'He pees ice cubes!' Ice cool Kroos key to Germany's hopes
China's Chen, Wang Lift Women's Doubles Trophy at Durban Table Tennis Worlds
Caitlin Clark's young dream of playing in the WNBA is set to become reality
Links
- Foreign envoys praise prosperous Xinjiang at conference
- Xi Sends Congratulatory Letter to Forum on China
- Shandong charms U.S. visitors with cultural delights
- Number of South Korean visitors soars 908% in Jan.
- Xi Meets with Vietnamese PM
- Peng Liyuan Calls for Joint Actions to Promote Women's Full Development
- EHang receives production certificate for self
- Large foreign cruise ships visit Shanghai as inbound tourism recovery takes off
- Tourism booms in three
- China's Self