The Worldwide Financial Fund (IMF) Govt Board on Wednesday accepted a staff-level settlement reached with Pakistan on a short-term stand-by deal.
“As we speak, the Govt Board of the Worldwide Financial Fund (IMF) accepted a 9-month Stand-By Association (SBA) for Pakistan for an quantity of SDR2,250 million (about $3 billion, or 111 p.c of quota) to assist the authorities’ financial stabilization program,” the worldwide lender mentioned in an announcement.
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