IMF, Pak reach staff-level agreement for $1.1 billion loan
Wednesday, 20 March 2024
Pakistan and the International Monetary Fund (IMF) have clinched a deal for the release of $1.1 billion as part of a $3 billion bailout package. This financial aid aims to prevent Pakistan from defaulting on its debts. The agreement, marking the final review of Pakistan's stabilisation programme, was confirmed by Nathan Porter, the IMF team leader.
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