Current location:sport >>
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
sport39People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earthly Exploits news portal”。http://bahrain.carpetcleaningepping.com/article-41a699325.html
Related articles
Siblings trying to make US water polo teams for Paris Olympics
sportWALNUT, Calif. (AP) — Chase Dodd started swimming when he was just a kid. Once he began playing wate ...
【sport】
Read moreHospital operator Steward Health Care files for bankruptcy protection
sportBOSTON (AP) — Hospital operator Steward Health Care filed for bankruptcy protection early Monday mor ...
【sport】
Read moreHuman remains were found at a former Hitler base, but decay prevents determining the cause of death
sportWARSAW, Poland (AP) — Polish prosecutors have discontinued an investigation into human skeletons fou ...
【sport】
Read more
Popular articles
- Red Lobster seeks bankruptcy protection after closing some restaurants
- They shared a name — but not a future. How two kids fought to escape poverty in Baltimore
- Relegation
- More than 40 workers trapped after a building under construction collapsed in South Africa
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Nutrition experts add traffic light health labels to famous food paintings
Latest articles
I was 'brokefished' by my friend for £400
John Swinney expected to lead Scotland after being confirmed as Scottish National Party leader
James Corden appears in good spirits as he arrives with glamorous wife Julia Carey at the pre
Berkshire Hathaway event gives good view of Warren Buffett's successor
Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
US and Philippine forces stage combat drills near strategic channel off southern Taiwan
LINKS
- Beraldo selected in central defense for PSG to face Dortmund in Champions League semifinal
- House prices flat in April says Halifax, but buyers seek cheaper homes due to rising mortgage rates
- Georgia governor signs budget boosting spending, looking to surplus billions to cut taxes in future
- RICHARD LITTLEJOHN: Welcome to Balti Towers, Basil Fawlty's new asylum hotel...
- Xinjiang move one win away from CBA Finals
- Met Gala 2024: Doja Cat boldly dons massive wet T
- Joe Burrow is throwing again as the Bengals' franchise QB rehabs his surgically repaired wrist
- Harvey Weinstein back at Rikers Island after hospital stay
- Why the verdict in New Hampshire's trial over youth center abuse is being disputed
- Wilson wins first