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U.S. Institute of Peace

09/25/2024 | Press release | Distributed by Public on 09/25/2024 14:12

Will the IMF’s $7 Billion Bailout Stabilize Pakistan’s Economy

The International Monetary Fund (IMF) has approved a $7 billion loan for Pakistan aimed at helping the South Asian nation stabilize its economy. After assuming power earlier this year, Pakistan's new coalition government led by the Pakistan Muslim League-Nawaz (PML-N) had approached the IMF for the 25th time for a loan. On September 12, Pakistani Prime Minister Shehbaz Sharif said his country had met all the conditions set by the IMF to qualify for a new loan. And on September 25, the IMF signed a formal approval of the loan.

U.S. Institute of Peace published this content on September 25, 2024, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 25, 2024 at 20:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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