
CosmicTaco
IMF Approves $1 Billion Deal for Pakistan
- The IMF and Pakistani authorities have reached a staff-level agreement for a $1 billion extended fund facility.
- Pakistan has made significant progress in restoring macroeconomic stability over the past 18 months.
- The new 28-month deal will support Pakistan's climate change mitigation and adaptation efforts.
- Pakistan's inflation is expected to remain steady in March, following a significant drop in February.
- The IMF's executive board approval is required for the disbursement, which is largely a formality.
Source: Geo Tv, The News International
7mo ago
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