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Business Matters: IMF approves $3 billion bailout for Pakistan

IMF approves $3 billion bailout for Pakistan

13/07/2023 GMT

BBC World Service - Business Matters, IMF approves $3 billion bailout for Pakistan

IMF approves long-awaited $3 billion bailout for Pakistan

Pakistan secures final approval from the IMF board for $3 billion bailout.

After a many months of discussions, Pakistan has won final approval to borrow $3 billion from the International Monetary Fund. The deal will unlock long-awaited funding from other lenders that should help ease the nation’s dire need for cash and rescue its economy.

(Picture: People are busy selling goods for Independence day. Picture credit: Getty Images)

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