Current location:International Insights news portal > style
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
International Insights news portal2024-05-21 10:07:57【style】7People 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://colombia.tom-paine.com/news-18a399681.html
Very good!(86863)
Related articles
- Company wins court ruling to continue development of Michigan factory serving EV industry
- You don’t have to go full vegetarian to reduce your carbon footprint
- Labour's Rino Tirikatene retires from politics
- Wellington's Tuesday dinners celebrates 'amazing collection of people' 25 years on
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Death penalty for artist behind Kyoto anime fire, which killed 36
- Labour's Rino Tirikatene retires from politics
- Arrests made after Lower Hutt siblings hospitalised with severe injuries
- Amtrak train hits pickup truck in upstate New York, 3 dead including child
- You don’t have to go full vegetarian to reduce your carbon footprint
Popular articles
Recommended
Brazil replaces injured goalkeeper Ederson in Copa America squad
Easter weather: Chilly Good Friday forecast as southerly winds sweep New Zealand
Chinese city reports coronavirus found on ice cream
Waymo's robotaxi service expands into Los Angeles, starting free rides in parts of the city
Messi in and Dybala out in Argentina squad for pre
Police chief charged over Seoul Halloween crush that killed 159
ACT leader David Seymour expects Waitangi events will be 'tense'
Communist Party anniversary will be the 'elephant in the room', expert says
Links
- Net tightens on Bolsonaro as police seize passport in coup probe
- Government backs trust tax rate exemptions
- The city break that'll bring even the surliest of teens to life: Inside Washington DC
- Gas prices are on the rise again. Here's where experts say they are going next.
- Wine in bed, skiing to the pub
- The rise of the mate
- Is it OK to do this on a flight? Internet divided over this simple eating habit
- The world's best 50 cities in 2024 ranked by Time Out
- Perfect respite from eight million mopeds and motorbikes: Inside the Park Hyatt Saigon
- Is it OK to do this on a flight? Internet divided over this simple eating habit