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Home » Pakistan receives $7 billion in IMF aid
Pakistan

Pakistan receives $7 billion in IMF aid

i2wtcBy i2wtcJuly 15, 2024No Comments2 Mins Read
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Pakistan to receive $7 billion in IMF aid – Central Bank


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The agency says it needs bilateral support to achieve its goals


Map of Pakistan

Pakistan has agreed to a three-year $7 billion loan from the International Monetary Fund (IMF), following the completion of an earlier $3 billion standby agreement.

The IMF said on July 12 that its latest Extended Financing Facility (EFF), the institution’s 24th loan to Pakistan, will help stabilize and grow the country’s struggling economy.

Pakistan’s economy has deteriorated due to the effects of heavy floods and a protracted political crisis since June 2022. The current government was formed by the prime minister.

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