CosmicTaco
CosmicTaco

IMF Grants $2.4 Billion Aid to Pakistan

  • The IMF has approved $2.4 billion in support for Pakistan across two economic initiatives, focusing on reform and climate resilience.
  • The Extended Fund Facility (EFF) review allows Pakistan to receive an immediate $1 billion, totaling $2.1 billion under this arrangement.
  • A new $1.4 billion arrangement under the Resilience and Sustainability Facility (RSF) aims to tackle climate-related vulnerabilities.
  • India's abstention from voting highlighted concerns over Pakistan's track record and potential misuse of funds.
  • Despite challenges, Pakistan shows progress with fiscal surplus, low inflation, and growing foreign reserves as per IMF's statement.

Source: CNBC

Post image
18d ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
News Discussion
by GigglyNuggetCo-Founder

This is NOT the India I grew up in

I am in shock that the Canadian PM, in the Canadian Parliament no less has alleged that India has eliminated a khalistani on Canadian soil. I still remember the days, when the single greatest attack on the soul of the country took place...

Top comments
user

This is not the India I grew up, where there was some trust left between religious communities and people were mostly...

user

Thanks for writing such an insightful post. I think many of my friends are quite apolitical, but I have heard from my...

user

Dear IT cells of Congress and BJP your bacchas have mistaken a professional network for twitter Dear makers of this ...