Your current location:HOME >sport >IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan 正文
TIME:2024-05-21 12:51:56 Source: Internet compilationEdit:sport
KABUL, 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.
What's next for Iran after death of its president in crash?2024-05-21 12:51
Nation powering ahead on renewables2024-05-21 12:30
WWE star Big E reveals he may NEVER wrestle again after undergoing new neck scans, with 382024-05-21 12:13
Tibetan incense brings wealth to town of SW China's Xizang2024-05-21 11:38
'The Apprentice,' about a young Donald Trump, premieres in Cannes2024-05-21 11:17
China prepares to launch Tianzhou2024-05-21 11:07
Medical brain2024-05-21 11:02
WWE star Big E reveals he may NEVER wrestle again after undergoing new neck scans, with 382024-05-21 10:48
NBA playoffs: Edwards leads Wolves to 982024-05-21 10:22
Chinese police take back 130 gambling, scam suspects from Cambodia2024-05-21 10:08
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored2024-05-21 12:24
Baidu strongly denies rumor of link between its AI tool and China’s military research2024-05-21 12:00
German students experience traditional tea culture in China2024-05-21 11:44
Married Illinois school board official 'posed as wife's veteran EX2024-05-21 11:42
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine2024-05-21 11:29
Chinese scientists precisely monitor solar radiation on Earth's surface2024-05-21 10:54
China launches construction of biomedical platform for disease research2024-05-21 10:51
Married Illinois school board official 'posed as wife's veteran EX2024-05-21 10:44
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership2024-05-21 10:39
Former chairman of China Everbright Group indicted for embezzlement, bribery2024-05-21 10:24