IMF Approves USD 6 billion Loan to Cash-Strapped Pakistan

The Executive Board of the International Monetary Fund (IMF) has approved USD 6 billion loan for cash-strapped Pakistan over a period of three years on July 4, 2019.
The loan amount will help to support Pakistan’s economic plan that aims at returning sustainable growth to the country’s fragile economy and improving the standards of living.
The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion while, the remaining amount will be phased over the duration of the programme.