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Monday, November 22, 2021

IMF Revives $6 Billion Bailout for Pakistan's Teetering Economy - Bloomberg

The International Monetary Fund agreed to revive a $6 billion bailout package for Pakistan after more than a month of discussions, providing a major relief to its struggling economy though the government will need to push through with key reforms.

Pakistan and IMF have reached a staff-level agreement for the loan review, the IMF said. The agreement involves the implementation of prior actions, notably on fiscal and institutional reforms, before final approval is given by the IMF’s executive board.  

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IMF Revives $6 Billion Bailout for Pakistan's Teetering Economy - Bloomberg
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