Your current location:HOME >health >IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan 正文
TIME:2024-05-21 13:47:04 Source: Internet compilationEdit:health
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.
With Djokovic awaiting the winner, Murray trails Hanfmann at rain2024-05-21 13:37
China Steadily Improves People's Wellbeing over Past 5 Years: Report2024-05-21 13:23
National Library of China Releases Databases for Dissemination, Study of Ancient Books2024-05-21 13:02
Spring Ploughing and Seedling Raising Start in SW China's Guizhou2024-05-21 12:47
Six killed in a 'foiled coup' in Congo, the army says2024-05-21 12:44
Yuntai Mountain Hanfu Huazhao Festival Kicks off in C China's Henan2024-05-21 12:17
Innovative Tea2024-05-21 12:01
As Population Grays, Average Life Expectancy Rises2024-05-21 11:59
California congressman urges closer consultation with tribes on offshore wind2024-05-21 11:36
Couples Marry First a Bit Later in Hangzhou2024-05-21 11:32
Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry2024-05-21 13:24
China Focus: Shenzhou2024-05-21 13:15
China's drone industry reports robust development: data2024-05-21 13:01
China Improves Service Capacity of Rural, Community2024-05-21 12:57
US overdose deaths dropped in 2023, the first time since 20182024-05-21 12:57
Primary School Catches National Attention for Performing 'Left Foot Dance'2024-05-21 11:44
Various Folk Cultural Activities Held to Celebrate Lantern Festival in China2024-05-21 11:30
Grocery Store in Rural China Now Community E2024-05-21 11:22
Target to lower prices on basic goods in response to inflation2024-05-21 11:07
China's Quality Medical Resources Now More Evenly Distributed: NHC2024-05-21 11:04