IMF Agrees to $7.6 Billion Loan to PakistanKhalid Qayum
The Executive Board of the International Monetary Fund (IMF) approved Monday to provide Pakistan with $7.6 billion of urgently needed loan financing, foreign reports said. It is reported that Pakistan is currently in a balance of payments crisis, and the 23 month standby loan is expected to for...
The IMF is currently discussing possible loan packages for Hungary, Iceland, Pakistan, and Ukraine. It is also in discussions with a number of other countries about possible financing needs, and is providing confidential policy advice to governments in emerging and developing economies on ...
Pakistan's Federal Minister for Finance, Revenue, and Economic Affairs Asad Umar said that Pakistan was in urgent need of 12 billion U.S. dollars to stave off the balance of payment crisis, out of which, a major chunk would be acquired through the IMF loan. An official of the Ministry o...
ISLAMABAD, July 10 (Xinhua) -- Pakistan has received the first tranche of 991.4 million U.S. dollars from the International Monetary Fund (IMF) under its 6 billion U.S. dollars loan program for Pakistan, a spokesperson for the State Bank of Pakistan (SBP) confirmed on Wednesday. ...
The IMF is currently discussing possible loan packages for Hungary, Iceland, Pakistan, and Ukraine. It is also in discussions with a number of other countries about possible financing needs, and is providing confidential policy advice to governments in emerging and developing economies on ...
Ethiopia declared a default on its debt services in December 2023 (US$ 31 million) and is being pressured by the Paris Club to guarantee a US$ 3.5 billion loan with the IMF as a condition for suspending debt service payments for 2025. Analysts say that the IMF must impose a currency deva...
The loan was granted on condition that Pakistan—which was suffering an energy crisis—carried out extensive economic reforms, particularly in the energy and taxation sectors. “The mission welcomes the authorities’ continued commitment to their IMF-supported economic reform program, which has significan...
The country must balance its Fund-fueled short-term economic growth plans with long-term sustainable plans to create a debt-free economy Even if Pakistan reaches a staff-level agreement with theIMFfor a new $7bn loan, this agreement will come with stringentconditions, including phasing out incen...
year bailout program of $6 billion. At the time, the spokesman had said this program would support Pakistan’s efforts to achieve “sustainable growth” and “improve the standards of living.” Islamabad has already received the first tranche of this loan, worth $991.4 million, from the IMF...