IMF agrees to Ghana $3bn debt bailout
2 years ago

IMF agrees to Ghana $3bn debt bailout

Al Jazeera  

IMF board approval of the proposed three-year loan is expected early next year, the finance minister said. IMF board approval of the proposed three-year loan is expected “early next year”, Ofori-Atta said. Stephane Roudet, IMF’s mission chief to Ghana, said in a statement on Monday: “The Ghanaian authorities have committed to a wide-ranging economic reform programme, which builds on the government’s Post-COVID-19 Programme for Economic Growth and tackles the deep challenges facing the country.” Ghana’s reforms are focused on shoring up public finances while protecting the vulnerable, he said. Ghana also announced it will restructure its debt and “committed to strengthening social safety nets, including reinforcing the existing targeted cash-transfer programme for vulnerable households and improving the coverage and efficiency of social spending”, Roudet said.

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History of this topic

IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks
1 month ago

IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

Al Jazeera  

Global lender says it will release about $333m to crisis-hit nation as signs of economic recovery emerge. The International Monetary Fund has approved the third review of Sri Lanka’s $2.9bn bailout but warned that the South Asian island nation’s economy remains vulnerable. Sri Lanka still needs to complete a $12.5bn bondholder debt restructuring and a $10bn debt rework with bilateral …

IMF approves a $7 billion loan for Pakistan, $1 billion given immediately
2 months, 4 weeks ago

IMF approves a $7 billion loan for Pakistan, $1 billion given immediately

Hindustan Times  

The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. “Spending on health and education has been insufficient to tackle persistent poverty, and inadequate infrastructure investment has limited economic potential and left Pakistan vulnerable to …

Is Pakistan’s $7bn IMF bailout package in trouble?
3 months, 1 week ago

Is Pakistan’s $7bn IMF bailout package in trouble?

Al Jazeera  

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate. Earlier this week, Pakistan’s Deputy Prime Minister Ishaq Dar accused the IMF of “deliberately delaying” the release of funds. Pakistan eventually narrowly avoided default when Shehbaz Sharif, in his first stint as prime minister, managed to secure a new, nine-month long …

Pakistan reaches new $7 bn loan deal with IMF
5 months, 1 week ago

Pakistan reaches new $7 bn loan deal with IMF

The Hindu  

Pakistan and the International Monetary Fund have agreed on a $7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. “Building on the economic stability achieved under the 2023 Stand-by Arrangement, IMF staff and the Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement …

Argentina will get next installment of bailout as IMF praises Milei’s austerity policies
7 months, 1 week ago

Argentina will get next installment of bailout as IMF praises Milei’s austerity policies

Associated Press  

BUENOS AIRES, Argentina — The International Monetary Fund, Argentina’s biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan. The IMF deal follows the completion of its review of Argentina’s compliance record and confirms the next $792 million …

IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet
7 months, 3 weeks ago

IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet

Al Jazeera  

Pakistan seeks another long-term IMF programme to support its ailing economy but experts say the focus must be on reforms. Islamabad, Pakistan – Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep …

Debt, fiscal challenges facing low-income countries worry IMF
8 months ago

Debt, fiscal challenges facing low-income countries worry IMF

The Hindu  

Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on April 19. Impact of high debt levels on low-income countries Ms. Georgieva, in a meeting of the Global Sovereign Debt Roundtable hosted by the IMF and the World …

IMF to increase Egypt's bailout loan to $8 billion
8 months, 3 weeks ago

IMF to increase Egypt's bailout loan to $8 billion

Firstpost  

The Egyptian economy has been hit hard by years of government austerity, the coronavirus pandemic, the fallout from Russia’s full-scale invasion of Ukraine, and most recently, the Israel-Hamas war in Gaza. The deal was reached after Egypt and the IMF agreed on a reform plan, which includes measures such as floating the local currency, reducing public investment, and fostering private …

IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package
9 months ago

IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package

India TV News  

Washington: The International Monetary Fund on Wednesday announced that it has reached a staff-level agreement with cash-strapped Pakistan for the release of $1.1 billion tranche, the last of the $3 billion financial bailout package, as the global moneylender noted that Pakistan's inflation was above target and economic growth remained modest, reported the Express Tribune. “The IMF team has reached a …

Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package
9 months ago

Pakistan, IMF reach staff-level deal to release $1.1bn from bailout package

Al Jazeera  

The funds are the final tranche of a $3bn programme agreed upon last year to avert a default, as Islamabad seeks another long-term bailout. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilisation programme,” the IMF said in a statement on Wednesday. The IMF said Pakistan’s “economic and …

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
9 months, 1 week ago

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout

Associated Press  

ISLAMABAD — The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said Wednesday. Pakistan is likely to get the final installment of $1.1 billion from the IMF under …

Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billion
9 months, 2 weeks ago

Egypt floats its currency and agrees with the IMF to increase a bailout loan to $8 billion

Associated Press  

CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation. The measures, announced by the Central Bank of Egypt early Wednesday, were among the key …

Pakistan and IMF reach deal for releasing $700m from $3bn bailout package
1 year, 1 month ago

Pakistan and IMF reach deal for releasing $700m from $3bn bailout package

Al Jazeera  

The much-awaited deal with the global lender is meant to save the cash-strapped country from default. Islamabad, Pakistan – Pakistan and the International Monetary Fund have reached a preliminary deal for the release of $700m from a $3bn bailout package after two weeks of talks with the global lender. The IMF on Wednesday said it reached a staff-level agreement with …

Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF
1 year, 5 months ago

Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF

India Today  

An assessment from the International Monetary Fund has said that Pakistan's economic challenges were complex and multifaceted and risks were exceptionally high, The Dawn reported. “Resolving Pakistan's structural challenges, including long-term BOP pressures, will require continued adjustment and creditor support beyond the current programme period,” the Fund said in a report. “A possible successor arrangement could help anchor the policy …

IMF deposits much-awaited $1.2 billion with Pakistan’s central bank under bailout, minister says
1 year, 5 months ago

IMF deposits much-awaited $1.2 billion with Pakistan’s central bank under bailout, minister says

Associated Press  

ISLAMABAD — The International Monetary Fund has deposited a much-awaited first installment of $1.2 billion in Pakistan’s central bank under a bailout deal aimed at helping Islamabad avoid defaulting on its debt repayments, the Pakistani foreign minister said Thursday. U.S. Secretary of State Antony Blinken welcomed the IMF bailout in a tweet saying that the U.S. stands with the Pakistani …

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt
1 year, 5 months ago

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt

Associated Press  

ISLAMABAD — The International Monetary Fund approved a much-awaited $3 billion bailout for Pakistan on Wednesday, the global lender said, a move that’s likely to save the nation from defaulting on its debt repayments. Later, IMF head Kristalina Georgieva said in a statement that “Pakistan’s economy was hit hard by significant shocks last year, notably the spillovers from the severe …

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default
1 year, 5 months ago

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default

Associated Press  

ISLAMABAD — The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country’s ailing economy. Porter, the IMF’s mission chief to Islamabad, said Pakistan’s economy has faced several heavy blows recently, such as the devastating floods last summer that killed 1,739 people, caused $30 billion in damage and …

Pakistan-IMF deal finalized! Staff-level agreement likely today, says FM Dar
1 year, 5 months ago

Pakistan-IMF deal finalized! Staff-level agreement likely today, says FM Dar

Live Mint  

Pakistan Finance Minister Ishaq Dar has said that a staff-level agreement for a crucial bailout deal with the International Monetary Fund is very close and expected in the next 24 hours, according to a report published by Dawn, a Pakistani English newspaper. With the bailout program set to expire on June 30, Pakistan has also revised its budget for the …

Pakistan, IMF reach $3bn staff-level agreement
1 year, 5 months ago

Pakistan, IMF reach $3bn staff-level agreement

Al Jazeera  

Pakistan could get temporary relief from its economic crisis with a new standby arrangement announced by the lender. The new standby arrangement builds on the 2019 programme, IMF official Nathan Porter said in a statement on Thursday, adding that Pakistan’s economy had faced several challenges in recent times, including devastating floods last year and commodity price hikes following the war …

Pakistan hopes for IMF bailout decision in a day or two: PM Shehbaz Sharif
1 year, 5 months ago

Pakistan hopes for IMF bailout decision in a day or two: PM Shehbaz Sharif

Live Mint  

Islamabad hopes a bailout decision from the International Monetary Fund in a day or two, Pakistan Prime Minister Shehbaz Sharif said on Tuesday, after a telephonic conversation with IMF Managing Director Kristalina Georgieva about the bailout funds, reported Reuters. "The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from the …

IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout
1 year, 5 months ago

IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout

Associated Press  

ISLAMABAD — A senior official with the International Monetary Fund and Pakistan’s prime minister indicated Tuesday a deal could soon be reached on a much-needed $6 billon bailout package for the impoverished south Asian country. The deal envisioned a deadline and if the IMF by Friday decides that Pakistan has not met the terms of the agreement, the fund could …

Pakistan PM hopeful of IMF deal this month amid escalating crisis
1 year, 6 months ago

Pakistan PM hopeful of IMF deal this month amid escalating crisis

Al Jazeera  

Shehbaz Sharif’s statement comes as Pakistan seeks immediate release of $1.1bn from IMF, part of a $6.5bn bailout package the country signed up for in 2019. Sharif, who also spoke to IMF chief Kristalina Georgieva last month to revive the programme, told Anadolu that Pakistan has met the requirements the global lender asked for. “Some of those actions are usually …

IMF approves $3.5 billion loan agreement for cash-strapped Ivory Coast
1 year, 6 months ago

IMF approves $3.5 billion loan agreement for cash-strapped Ivory Coast

Firstpost  

In order to help the country tackle financial challenges and assist with its economic transformation, the fund announced Wednesday, International Monetary Fund executives have approved a $3.5 billion loan agreement for Ivory Coast. The 40-month arrangement will “help support the country’s transformation towards upper-middle income status” over the medium term while preserving macroeconomic stability, the IMF said in a statement. …

IMF board approves $3 billion bailout for Ghana amid economic crisis
1 year, 7 months ago

IMF board approves $3 billion bailout for Ghana amid economic crisis

Associated Press  

LONDON — The International Monetary Fund’s executive board has approved a long-awaited $3 billion bailout for Ghana in hopes of combating the country’s economic crisis. “The combination of large external shocks and preexisting fiscal and debt vulnerabilities precipitated a deep economic and financial crisis in Ghana,” IMF Managing Director Kristalina Georgieva said in a statement. Georgieva said the Bank of …

IMF wants Egypt to make reforms before bailout review: Report
1 year, 8 months ago

IMF wants Egypt to make reforms before bailout review: Report

Al Jazeera  

IMF wants Cairo to privatise state assets and allow flexibility in its currency, Bloomberg report says. The International Monetary Fund wants Egypt to enact more of the reforms that Cairo has committed to before it conducts the first review of the country’s $3bn rescue package, Bloomberg News has reported. The Washington-based lender wants Cairo to privatise certain state assets and …

UAE approves additional $1 billion funding to Pakistan: Finance Minister Ishaq Dhar
1 year, 8 months ago

UAE approves additional $1 billion funding to Pakistan: Finance Minister Ishaq Dhar

The Hindu  

Pakistan's Finance Minister Ishaq Dhar on April 4 announced that the UAE has approved $1 billion in financial support, taking the cash-strapped nation a step closer to unlocking the crucial IMF bailout. Pakistan is tackling a major economic crisis as it awaits a much-needed $1.1 billion tranche of funding from the Washington-based International Monetary Fund, part of a $6.5 billion …

IMF chief warns of a gloomy growth scenario
1 year, 8 months ago

IMF chief warns of a gloomy growth scenario

Hindustan Times  

Delivering a gloomy warning ahead of the spring meetings of the International Monetary Fund and World Bank, \, IMF’s managing director, said on Thursday that global growth dropped by half in 2022 and it will hover around 3% for the next five years, the lowest medium-term growth forecast since 1990. International Monetary Fund Managing Director Kristalina Georgieva poses for a …

IMF chief warns of a gloomy growth scenario
1 year, 8 months ago

IMF chief warns of a gloomy growth scenario

Hindustan Times  

Delivering a gloomy warning ahead of the spring meetings of the International Monetary Fund and World Bank, \, IMF’s managing director, said on Thursday that global growth dropped by half in 2022 and it will hover around 3% for the next five years, the lowest medium-term growth forecast since 1990. International Monetary Fund Managing Director Kristalina Georgieva poses for a …

IMF board approves $15.6bn Ukraine loan package
1 year, 8 months ago

IMF board approves $15.6bn Ukraine loan package

Al Jazeera  

Loan is part of a broader $115bn international support package to help the country meet urgent funding needs. It forms the IMF’s portion of a $115bn overall support package comprised of debt relief, grants and loans by multilateral and bilateral institutions, the organisation confirmed in a press conference Friday. The new four-year programme aims to “anchor macroeconomic and financial stability …

IMF sets another condition for crisis-hit Pakistan to revive loan
1 year, 8 months ago

IMF sets another condition for crisis-hit Pakistan to revive loan

Live Mint  

The International Monetary Fund and crisis-hit Pakistan are locked in a debate over an unfinished loan program required for the ongoing financial collapse. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019 -- vital to Pakistan to avert defaulting on external payment obligations. IMF has now asked Islamabad to provide external financing assurances …

How war-torn Ukraine clinched $15.6 billion loan package from the IMF
1 year, 9 months ago

How war-torn Ukraine clinched $15.6 billion loan package from the IMF

Firstpost  

The International Monetary Fund has reached a staff-level agreement with Ukraine for a $15.6 billion financial package. As per IMF’s statement, in the first phase, lasting 12-18 months, Ukraine will take steps to “strengthen fiscal, external, price and financial stability,” including eliminating monetary financing. “The programme has been designed in line with the new fund’s policy on lending under exceptionally …

Apprehensions of Pakistan defaulting on debts ’over now’, says PM Sharif
1 year, 9 months ago

Apprehensions of Pakistan defaulting on debts ’over now’, says PM Sharif

Live Mint  

Apprehensions of a default by Pakistan on debt obligations are "over now", the country's Prime Minister Shehbaz Sharif said on Wednesday, adding that a staff-level agreement with the International Monetary Fund "will be done soon". PM Sharif has said that the staff-level agreement with the IMF will be reached "within a few days" as the cash-strapped government has accepted even …

Pakistan says it agrees to IMF terms on release of $1.1bn payout
1 year, 10 months ago

Pakistan says it agrees to IMF terms on release of $1.1bn payout

Al Jazeera  

As IMF team leaves after 10 days of talks, finance minister Ishaq Dar says the payment has been delayed due to ‘routine procedures’. As an IMF team left cash-strapped Pakistan on Friday after 10 days of talks with the government, finance minister Ishaq Dar said the payout was delayed due to “routine procedures”. In a statement, Pakistan IMF Mission Chief …

Declare assets of govt officials of grade 17 and above, IMF asks Pakistan
1 year, 10 months ago

Declare assets of govt officials of grade 17 and above, IMF asks Pakistan

Live Mint  

International Monetary Fund has asked Pakistan to declare the assets of government officials of grade 17 and above, as well as those of their families, Pakistan based The Nation newspaper reported. Economic and fiscal policies and reforms agenda are being discussed by Pakistan and IMF to accomplish the 9th review under the Extended Fund Facility. Pakistan Prime Minister Shehbaz Sharif …

‘Beyond imagination’: Pakistan PM warns of IMF bailout conditions
1 year, 10 months ago

‘Beyond imagination’: Pakistan PM warns of IMF bailout conditions

Al Jazeera  

An IMF delegation is in Pakistan for last ditch talks to revive financial aid, which has stalled for months. Pakistan’s Prime Minister Shehbaz Sharif has said that the government will have to agree to International Monetary Fund bailout conditions that are “beyond imagination”. Sharif’s comments on Friday came after an IMF delegation landed in Pakistan this week for last-ditch talks …

Pakistan govt. ready to meet all IMF demands to revive bailout programme: report
1 year, 11 months ago

Pakistan govt. ready to meet all IMF demands to revive bailout programme: report

The Hindu  

The Pakistan government has requested the IMF to send its mission to the country at the earliest, preferably next week, to conclude a long-awaited agreement to revive the bailout programme, as it conveyed its willingness to accept all the four major conditions set by the global lender, according to a media report. Cash-strapped Pakistan revived a stalled $6 billion International …

IMF approves deal with Egypt for $3 billion support package
2 years ago

IMF approves deal with Egypt for $3 billion support package

The Hindu  

The International Monetary Fund has approved a deal that will provide a $3 billion support package to cash-strapped Egypt over a period of almost four years, with the agreement expected to draw in an additional $14 billion in financing for the Middle East country. The deal announced on Friday — known as an Extended Fund Facility Arrangement — is expected …

IMF approves $3bn support package for Egypt
2 years ago

IMF approves $3bn support package for Egypt

Al Jazeera  

The deal aims to reduce government debt and strengthen the social protection network for citizens. The support package announced late on Friday – known as an Extended Fund Facility Arrangement – will not require the Egyptian government to cut spending on subsidies but will strengthen the social protection network for citizens, an Egyptian cabinet report released on Saturday said. About …

IMF agrees to give Ghana $3 billion debt bailout
2 years ago

IMF agrees to give Ghana $3 billion debt bailout

Associated Press  

ACCRA, Ghana — The International Monetary Fund has agreed to give Ghana $3 billion to try to get the West African nation’s debt under control, restore financial stability and help people most at risk from rising prices and other economic problems. At a press conference Tuesday, Finance Minister Ken Ofori-Atta said Ghana was “committed to the program and will work …

IMF, Bangladesh reach preliminary deal for $4.5B in loans
2 years, 1 month ago

IMF, Bangladesh reach preliminary deal for $4.5B in loans

Associated Press  

DHAKA,Bangladesh — The International Monetary Fund reached a preliminary agreement on Wednesday with Bangladesh to provide $4.5 billion to help the country weather disruptions caused by the war in Ukraine and manage risks from climate change. The IMF said in a statement that the money was aimed at stabilizing the economy, protecting vulnerable people and promoting structural change to support …

IMF cuts 2023 global outlook over colliding global shocks
2 years, 2 months ago

IMF cuts 2023 global outlook over colliding global shocks

Al Jazeera  

The three largest economies will ‘continue to stall’, ‘the worst is yet to come’ and for many people 2023 will feel like a recession, it warned. “In short, the worst is yet to come, and for many people, 2023 will feel like a recession.” In its World Economic Outlook the IMF said global GDP growth next year will slow to …

Pakistan says IMF approved revival of huge loan programme
2 years, 3 months ago

Pakistan says IMF approved revival of huge loan programme

Al Jazeera  

The move will release $1.17bn in funds to the cash-strapped country, Pakistan’s Finance Minister Miftah Ismail says. The International Monetary Fund board has approved the seventh and eighth reviews of Pakistan’s bailout programme, Finance Minister Miftah Ismail said, which will release $1.17bn in funds to the cash-strapped country. The aid comes as “Pakistan’s economy has been buffeted by adverse external …

IMF: Staff-level agreement reached with Pakistan for release of $1.17 billion loan tranche
2 years, 5 months ago

IMF: Staff-level agreement reached with Pakistan for release of $1.17 billion loan tranche

The Hindu  

Islamabad Pakistan is at a “challenging economic juncture”, the IMF has said as it reached a preliminary staff-level agreement on the combined seventh and eighth reviews for a $6 billion loan facility for the cash-strapped country. The agreement paves the way for the release of the much-awaited $1.17 billion loan tranche that had been on hold since earlier this year, …

Pakistan reaches agreement with IMF to resume loan
2 years, 5 months ago

Pakistan reaches agreement with IMF to resume loan

Al Jazeera  

IMF funds will help avert a potential default and pave the way for more aid from other institutions, friendly nations. Pakistan needs at least $41 billion in the next 12 months to repay debt and fund imports as foreign-exchange reserves shrink to a level that could only cover less than two months of imports. The nation’s dollar bonds due in …

Ghana inflation scales new peak as it seeks IMF bailout
2 years, 5 months ago

Ghana inflation scales new peak as it seeks IMF bailout

Al Jazeera  

Hundreds took to the streets of Ghana’s capital Accra last month to protest against high inflation and weak growth. Consumer inflation in Ghana accelerated to 29.8 percent annually in June from 27.6 percent in May, official data showed on Wednesday, shattering another record while the West African nation talks to the International Monetary Fund for support. In a report on …

Ghana to make U-turn and ask IMF for help for its economy
2 years, 5 months ago

Ghana to make U-turn and ask IMF for help for its economy

Al Jazeera  

Until now, Ghana had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency. Ghana, one of West Africa’s largest economies, will hold formal talks with the International Monetary Fund on a support package, the government has said, only days after hundreds took to the streets protesting mounting hardship. Until now, …

Pakistan, IMF likely to reach agreement in June, says FM Miftah Ismail
2 years, 6 months ago

Pakistan, IMF likely to reach agreement in June, says FM Miftah Ismail

The Hindu  

Islamabad Pakistan is expected to reach an agreement with the International Monetary Fund next month to resurrect an enhanced bailout package to support the cash-strapped country’s sagging economy, Finance Minister Miftah Ismail has said. Speaking at a webinar on the “National Dialogue on Economy: The Way Forward for Pakistan”, organised by Nutshell Conferences and Corporate Pakistan Group on May 28, …

Cash-strapped Pakistan, IMF agree to extend stalled bailout package and increase loan size to $8 billion: Report
2 years, 8 months ago

Cash-strapped Pakistan, IMF agree to extend stalled bailout package and increase loan size to $8 billion: Report

The Hindu  

Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to $8 billion, giving a breathing space to the new government led by Prime Minister Shehbaz Sharif, a media report said on Sunday. The understanding was reached after the crucial talks between Pakistan's newly-appointed Finance Minister Miftah …

Breakthrough in Pakistan-IMF bailout talks as $8bn package approved
2 years, 8 months ago

Breakthrough in Pakistan-IMF bailout talks as $8bn package approved

India TV News  

Highlights Pakistan, IMF have agreed, in principle, to extend the stalled bailout programme by up to one year. Pakistan and the International Monetary Fund have agreed, in principle, to extend the stalled bailout programme by up to one year and increase the loan size to $8 billion, giving markets the much-needed stability and a breathing space to the new government, …

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