Current location:Stellar Signals news portal > opinions
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
Stellar Signals news portal2024-05-21 09:04:08【opinions】1People 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://www.fightbigfood.org/html-41a699325.html
Very good!(1241)
Related articles
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
- Baby Reindeer stars Richard Gadd and Jessica Gunning are arm
- 26 Republican attorneys general sue to block Biden rule requiring background checks at gun shows
- Furiosa: A Mad Max Saga star Anya Taylor
- Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
- Lugo gets 5th win in 7 starts, Massey adds 3
- Russell Wilson and Ciara find a buyer for $25m, 11,000sq ft mansion near Seattle
- Bernie Williams to raise awareness of lung disease at May 3 event in Puerto Rico
- Baby Reindeer's real
- Small ranching community tears itself apart as newly
Popular articles
Recommended
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Baby Reindeer stars Richard Gadd and Jessica Gunning are arm
Gisele Bundchen exudes sporty chic in an all
National 3
Everybody may love Raymond, but Ray Romano loves Peter Boyle
Rosalia layers an ivory moto jacket over a white maxi dress as she steps out solo in New York City
'Extremely rare' all
North Carolina Republicans seek hundreds of millions of dollars more for school vouchers
Links
- Multiple indicators signal upward trend in Chinese economy
- China urges US to put ties back on track
- Beijing calls for restoring dialogue
- Japan's move to discharge wastewater 'irresponsible'
- At least 9 killed, 20 injured in road accident in Brazil
- Rallies held against toxic water release
- Discharge is against right to clean environment, activist says
- MOC criticizes US' move against Chinese companies
- Egyptian FM urges restraint after Iranian attack on Israel
- Hezbollah official killed, 3 civilians injured in Israeli strike on Lebanese village