Current location:opinions >>
IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
opinions3People 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.“International Inklings news portal”。http://spratlyislands.spaceforanything.com/article-85a599901.html
Related articles
Hong Kong holds digital economy summit, eyes sustainable future
opinionsHONG KONG, April 12 (Xinhua) -- The Digital Economy Summit 2024 opened on Friday in Hong Kong, givin ...
【opinions】
Read moreChina to firmly support high
opinionsBy He Yin (People's Daily) 09:03, October 26, 2023Photo shows a regulating metering station of a nat ...
【opinions】
Read moreLocals slam 'Britain's worst cycle lane' claiming it is still dangerous
opinionsLocals have today slammed 'Britain's worst cycle lane' claiming it is still dangerous - despite the ...
【opinions】
Read more
Popular articles
- Flight path adjusted for aviation safety
- DAILY MAIL COMMENT: Will Rayner now tell the whole truth?
- Regional Canine Training Center of World Customs Organization opens in Hong Kong
- Xinhua Commentary: Xi's Meeting with Ma Injects Positive Energy to Relations Across Taiwan Strait
- China's Top Political Advisory Body Holds Press Conference Ahead of Annual Session
- People visit 2024 Artist Project in Canada
Latest articles
Flight path adjusted for aviation safety
Ignoring reality
Golden Week stress test for popular destinations
'Liusanjie of New Generation' Sings for New Era
Xi, Portuguese president exchange congratulations on 45th anniversary of bilateral ties
Anqing developed agriculture and ecological breeding industries to expand income
LINKS
- The Cowboys passed on running back in the NFL draft. A reunion with Ezekiel Elliott might be next
- Guangdong into playoffs semis, oust Zhejiang
- WADA invites 'independent prosecutor' to examine Chinese swimmers case
- Santana homers again, drives in 4, as Twins rout Angels 16
- Zhang Yufei bags fourth gold in China's national swimming championships
- Table for two? That'll be £400 thanks to 'scalper' touts muscling in on high
- Musa, Ibeagha score in second half to lead Dallas over Dynamo 2
- Musa, Ibeagha score in second half to lead Dallas over Dynamo 2
- Musa, Ibeagha score in second half to lead Dallas over Dynamo 2
- College protests: Anti