IMF approves $700 million for Pakistan, stabilizing economy. Progress cited, but challenges persist. Read about fiscal improvements and inflation concerns
The IMF s executive board approved an immediate disbursement of around $700 million for Pakistan Thursday. The funds were unlocked after the International Monetary Fund board approved the first review of a nine-month, $3 billion loan agreement reached in July 2023. The IMF said that macroeconomic conditions in Pakistan had "generally improved" since the program was implemented.