Current location:Culture Currents news portal > world
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
Culture Currents news portal2024-05-21 08:50:13【world】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://westernsahara.samacharpostdainik.com/article-52b799203.html
Very good!(59)
Related articles
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- China Records 226 Mln Passenger Trips in Spring Festival Holiday
- Couples Marry First a Bit Later in Hangzhou
- Elements of 'Rabbit' to Mark Chinese New Year
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- China Improves Service Capacity of Rural, Community
- Organizations Promote Construction of 'Child
- China Issues Dietary Handbook for Kids with Growth Failure
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- In pics: men's doubles quarterfinals at WTT Finals Men Doha 2023
Popular articles
Recommended
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
As Population Grays, Average Life Expectancy Rises
China's Xinjiang to Invest 182 Mln Yuan in Preschool Education
People Greet Longtaitou Day Across China
Ohio judge to rule Monday on whether the state’s abortion ban stands
Boarding Schools Ensure Fairer Education in Tibet
Chinese EV makers gaining traction in Dutch market: ING economist
China's Quality Medical Resources Now More Evenly Distributed: NHC
Links
- Austrian team Salzburg heading to the Club World Cup after Arsenal eliminated from Champions League
- Attend flag ceremony or miss key math exam, Hong Kong student told — Radio Free Asia
- US says China is funding America’s fentanyl crisis — Radio Free Asia
- Capitals top prospect Ryan Leonard is returning to Boston College
- Democrats clear path to bring proposed repeal of Arizona’s near
- PGA Championship to return to Kiawah Island in 2031
- Tennessee judge wants more information on copyright before ruling on school shooter's writings
- Vinícius Junior injured in Real Madrid's Champions League quarterfinals match against Man City
- Starling Marte's HR keys surging Mets to sweep of Pirates with 9
- Rita Ora sets temperatures soaring as she rocks a stylish all