Current location:International Informer news portal > politics
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
International Informer news portal2024-05-21 13:21:29【politics】5People 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://serbiaandmontenegro.e-directivos.com/news-41a699325.html
Very good!(57483)
Related articles
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Kate Beckinsale sheds light on her recent health woes as she wears 'tummy troubles survivor' T
- Quentin Tarantino SCRAPS plans for his final film The Movie Critic which had Brad Pitt set to star
- FIFA plans to add slew of new committees years after cutting them in anti
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Trump hush money trial: Jury selection follows familiar pattern with an unpredictable outcome
- Barcelona to get floating desalination plant to help fight drought in northeastern Spain
- Gunmen ambush vehicle carrying customs officials in northwest Pakistan, killing 4 officers
- NBA playoffs: Edwards leads Wolves to 98
- UN approves an updated cholera vaccine that could help fight a surge in cases
Popular articles
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- Trump hush money trial: Jury selection follows familiar pattern with an unpredictable outcome
- Civilian interrogator defends work at Abu Ghraib, tells jury he was promoted
- The number of Americans applying for jobless benefits holds steady as labor market remains strong
Recommended
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
Former Wisconsin Democratic Rep. Peter Barca announces new bid for Congress
Paris Olympics opening ceremony on river Seine will last nearly 4 hours
Mariska Hargitay is mistaken for real
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
Mariska Hargitay is mistaken for real
J.K. Dobbins signs with Chargers, continuing the trend of former Ravens heading to LA
Zimbabwe frees prisoners, including those sentenced to death, in an independence day amnesty
Links
- Shipwreck archaeology unveils glory of Maritime Silk Road
- China's manufacturing hub sees 9.1 pct foreign trade growth in Q1
- Stock market today: Asian stocks track Wall Street gains ahead of earnings reports
- Conference on internal combustion engines opens in China's Tianjin
- Israel's Netanyahu says to increase pressure on Hamas
- Car ploughs into primary school and sparks mass evacuation of pupils
- UK home secretary to visit Italy to discuss stopping migrants arriving on boats
- Sydney Sweeney 'apologizes' for 'having great t**s' during bikini
- UN's commission on science and technology elects new chair
- Aho, Martinook cap Hurricanes' late rally to beat the Islanders for a 2