IMF bailout for Pakistan resumes after COVID-19 ...palestine

The International Monetary Fund has reached an agreement with Pakistan on measures to complete the second till fifth reviews of the authorities’ reform programme. The programme is supported by the IMF Extended Fund Facility (EFF), which would release $500 million to Pakistan after the completion of the reviews. “The package strikes an appropriate balance between supporting the economy, ensuring debt sustainability, and advancing structural reform,” said an IMF media release. The reviews are pending subject to approval of the IMF Executive Board. The COVID-19 pandemic temporarily disrupted Pakistan’s progress under the $6 billion EFF-supported programme last year. “The poli

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