Your current location:HOME >style >IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan 正文
TIME:2024-05-21 15:07:22 Source: Internet compilationEdit:style
KABUL, 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.
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine2024-05-21 15:03
Lena Dunham speaks out about Hypermobile Ehlers2024-05-21 14:26
Braves make 2 deals with infielders, adding Short from Red Sox and sending Guillorme to Angels2024-05-21 14:21
Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise, Thursday, 5/9/20242024-05-21 14:05
What's next for Iran after death of its president in crash?2024-05-21 13:59
Susanna Tapani scores in OT, Aerin Frankel makes 53 saves, and Boston beats Montreal 22024-05-21 13:30
Dreaming of living la dolce vita? Non2024-05-21 13:09
Marcus Armstrong pays tribute to cancer patients with special paint job for Indy Grand Prix2024-05-21 12:47
Georgia Republicans choose Amy Kremer, organizer of pro2024-05-21 12:45
Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near record2024-05-21 12:26
Brazil replaces injured goalkeeper Ederson in Copa America squad2024-05-21 14:57
Crying babies ruined my fancy dinner with my husband2024-05-21 14:15
With contestants ditching English language songs to 'ambivalence' over the Union Jack2024-05-21 13:47
Virginia judge to decide whether state law considers embryos as property2024-05-21 13:45
Shohei Ohtani's first walk2024-05-21 13:42
Air Vanuatu files for bankruptcy protection after canceling more than 20 flights2024-05-21 13:36
Asteroids, Myst, Resident Evil, SimCity and Ultima inducted into World Video Game Hall of Fame2024-05-21 13:27
The Philadelphia Phillies are hot, loose and loving life as one of the best teams in baseball2024-05-21 13:06
I was 'brokefished' by my friend for £4002024-05-21 12:49
A Florida man is recovering after a shark attack at a Bahamas marina2024-05-21 12:45