IMF approves $7 billion bailout for Pakistan
IMF's $7 billion bailout sends Pakistan stocks to new peak
Pakistan's benchmark share index hit a life-time high in opening trade on Thursday, hours after the International Monetary Fund's board approved a long-awaited $7 billion bailout deal for the struggling economy.
The IMF approves a $7 billion loan for Pakistan, which will get $1 billion immediately
Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country.
IMF Executive Board Concludes 2024 Article IV Consultation for Pakistan and Approves 37-month Extended Arrangement
The Executive Board of the International Monetary Fund (IMF) concluded the 2024 Article IV consultation and approved a 37-month Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan on Wednesday,
IMF says its board approved $210 million arrangement for Liberia
The International Monetary Fund said on Wednesday its executive board approved an arrangement of about $210 million for Liberia, with an immediate disbursement of about $8 million.
Pakistan PM Sharif Welcomes IMF's $7 Billion Funding Agreement
Pakistan has been struggling with boom-and-bust economic cycles for decades, leading to 22 IMF bailouts since 1958. Currently the country is the IMF's fifth-largest debtor, owing the Fund $6.28 billion as of July 11, according to the lender's data.
Pakistan Wins Approval From IMF Board for $7 Billion Bailout
Pakistan secured final approval to start a $7 billion loan program from the International Monetary Fund, unlocking crucial financing to sustain the nation’s recovery from a crisis.
IMF Board Approves $7 Bn Pakistan Loan Agreement
The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender.
IMF, Ethiopia reach staff-level agreement on first review of loan program
International Monetary Fund staff and Ethiopia have reached an agreement on economic policies to conclude the first review of ...
Business Recorder53m
Key priorities highlighted by IMF for Pakistan’s $7bn Extended Fund Facility
In a key development, the International Monetary Fund (IMF) Executive Board approved Pakistan’s 37-month Extended Fund ...
Sri Lanka's new president says he'll restart talks with the IMF to find a way out of economic crisis
Sri Lanka’s new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary ...
Pakistan Wins More Financing Assurances From China, UAE, Saudi IMF Official Says
WASHINGTON (Reuters) - Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab ...
Kenya to Decide Type of Fresh IMF Deal Upon Expiry of Program
Kenya will decide on the type of its next International Monetary Fund program upon the expiry of the current arrangement, ...
Business Recorder13h
Pakistan’s economy to grow at 3.2%, face 9.2% inflation, projects IMF
The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.2% during FY25, compared to 2.4% recorded in ...
Sri Lanka to Begin Talks With IMF to Take Forward $2.9 Billion Bailout, President Says
COLOMBO (Reuters) - Sri Lanka's new President Anura Kumara Dissanayake said on Wednesday that he plans to begin negotiations ...