Current location:entertainment >>
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
entertainment725People 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.“Universal Update news portal”。http://saintpierreandmiquelon.jewrs.com/news-18f699304.html
Related articles
Molly Sims looks red hot in flirty polka
entertainmentMolly Sims looked red hot in polka-dot dress as she graced the red carpet at the Daily Front Row awa ...
Read moreHow much of England's motorway network has no hard shoulder? This map reveals all...
entertainmentThis week, motoring groups have called for the current - and next - government to take further actio ...
Read moreUSA Basketball finalizing Paris Olympics roster, AP sources say
entertainmentLeBron James is going back to the Olympics for the first time in 12 years. Stephen Curry is headed t ...
Read more
Popular articles
- British and Irish officials meet as tensions rise over what to do with asylum seekers
- Myanmar's jailed former leader Suu Kyi moved from prison to house arrest
- Seinfeld's upcoming Netflix movie about Pop
- Biden's student loan cancellation plans moves forward
- Explosion kills 3 including 2 children in Myanmar's Yangon
- Here's everything that could go wrong with your jam, Meghan…and my tips to make sure it doesn't
Latest articles
British and Irish officials meet as tensions rise over what to do with asylum seekers
Seinfeld's upcoming Netflix movie about Pop
Hugh Grant settles suit alleging illegal snooping by The Sun tabloid
Police confirm Missouri officer fired fatal shot that killed man who allegedly shot another man
Queen Camilla appears in high spirits as she hosts the first female crew to win an around
Supreme Court makes it easier to sue for job discrimination over forced transfers
LINKS
- Magnificent view of Three Gorges on Yangtze River
- China announces new partners for International Lunar Research Station
- Video reviews have changed the face of European soccer. One country is holding out
- Flights and passengers to Harbin hit a record high
- France goalkeeper Mike Maignan injures thigh muscle ahead of the European Championship
- California is joining with a New Jersey company to buy a generic opioid overdose reversal drug
- Cicadas are so noisy in South Carolina that residents are calling the police
- China starts building phase II of spallation neutron source to help boost sci
- Philippines students are told to stay home as Southeast Asia copes with a sweltering heat wave
- Global political party media officials discuss China's modernization