Pakistan Secures $7B IMF Bailout
December 14, 2024
Pakistan has finalized a new financial agreement with IMF, securing a $7 billion bailout package under the Extended Fund Facility (EFF). The loan comes with a comparatively low interest rate of around 5 percent, significantly below the rates Pakistan faces on commercial borrowing. The repayment plan spans 10 years and includes a grace period. Pakistan […]
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IMF Talks $7B Bailout Reforms for Pakistan
November 16, 2024
The unusual visit from Nov 12 to Nov 15 discussed a $7-billion bailout within six weeks of its approval by the IMF board but came too early for the first review of the Extended Fund Facility (EFF), due in the first quarter of 2025. “We are encouraged by the authorities’ reaffirmed commitment to the economic […]
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