IMF to Approve $7bn Loan for Pakistan: Economic Reforms Ahead
The IMF executive board is meeting today to discuss and potentially approve Pakistan’s $7bn Extended Fund Facility. Pakistan’s Finance Minister, Muhammed Aurangzeb, expressed optimism that the program will be approved.
The loan is expected to support ongoing economic reforms, with inflation and interest rates already showing significant improvement. Pakistan’s current account has also reported a surplus, marking a positive trajectory for the nation's financial health.
Additionally, the second phase of CPEC is set to begin, focusing on the monetization of infrastructure built during the first phase. This could lead to further private sector growth and help drive Pakistan’s economic stability.
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