IMF board approves Pakistan bailout programme
12:59 pm Wednesday, July 12th, 2023
(Reuters) – The board of the International Monetary Fund (IMF) approved a $3 billion, nine-month bailout programme for Pakistan on Wednesday, the IMF said.
Pakistan and the Fund had reached a staff level agreement late last month, securing much-needed funding for the cash-strapped country.
(Reporting by Gibran Peshimam and Juby Babu; Editing by Raju Gopalakrishnan and Chizu Nomiyama)
