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| India-Pakistan | |
| IMF approves $1.05bn in latest Pakistan loan | |
| 2014-12-19 | |
[Dawn] ISLAMABAD: The International Monetary Fund announced Thursday that it had approved the release of $1.05 billion for Pakistain, the fifth installment of a $6.6 billion loan to the nation.
The IMF said it had approved release of the new funds after a review of Pakistain's economic performance. ?Macroeconomic conditions are improving, but significant risks to the recovery remain,? IMF first deputy managing director David Lipton said in a statement. ?The measures taken by the authorities to address short-term macroeconomic vulnerabilities and implement structural reforms are bearing fruit, but continued efforts are needed to make the economic transformation more sustainable,? he said. Plagued by a bloody homegrown Taliban insurgency, Pakistain is battling to get its shaky economy back on track and solve a chronic energy crisis that cripples industry. | |
| Posted by:trailing wife |
| #1 It's not a loan when they don't pay it back. |
| Posted by: chris 2014-12-19 08:51 |