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International Monetary Fund: International Monetary Fund (IMF) Executive Board meeting is going to be held on 9 May. It will consider the $ 1.3 billion staff level agreement with Pakistan, which is part of the 37 -month bailout program running with Pakistan. & Nbsp;
The first review of this 37 -month deal on 9 May
Let us know that in July 2024, Pakistan made a deal of $ 7 billion from IMF. Six reviews of this 37 -month deal are to be done. Its second review is to be done on 9 May. If it gets approval, Pakistan will be given a $ 1 billion installment.
(For Pakistan, this deal matters a lot because inflation is at its peak in the country, foreign exchange reserves have decreased, the stock market continues to decline. Earlier in March, IMF and Pakistan had agreed to the 28-month staff-level deal in March, which was aimed at reducing the impact of climate change and supporting Pakistan’s efforts to reduce the impact of climate change."text-align: justify;"> Help to improve the economic situation
When the IMF team visited Pakistan in March as part of a 37 -month bailout program, it was found that Pakistan has taken several measures for economic reforms, such as keeping interest rates high to control inflation, the energy sector was found to be improving. Bellout is actually a way to provide financial assistance to a country facing financial threat to improve the economic situation there.
If this time the executive board is approved, Pakistan will get an amount of $ 1 billion under the extended fund facility (EFF). With this, a total divide will be $ 2 billion under this program. Earlier in September 2024, the first installment of $ 1.03 billion was given. Pakistan is a member of the IMF since 1950, which has spread the hand 24 times in front of the IMF due to reduced dependence on imports and economic instability in the country. & Nbsp;
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