IMF deal with Pakistan would revive $6 billion bailout

Published by
Al-Araby

The International Monetary Fund said Monday that weeks of talks with Pakistan have produced a preliminary agreement toward reviving a $6 billion economic bailout for the Islamic nation. Pakistan and IMF originally signed the accord in 2019, but the release of a key installment had been on the hold since earlier this year. That’s when the fund expressed reservations about a delay in Pakistan’s compliance with conditions of the bailout. The IMF statement Monday said that under latest proposal, IMF would disburse about $1 billion to Pakistan, bringing the total disbursement out of the $6 billion …