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IMF Approves $1 Billion Bailout to Pakistan Despite Indian Opposition
The financial package was approved under the IMF’s Extended Fund Facility (EFF), after the board completed its first review of Pakistan’s performance under the program.
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Lalit K Jha - Fri, 09, May 2025
- 22:30 EDT
- 119
Representative Image. / iStock photo
The International Monetary Fund (IMF) on May 9 approved a disbursement of $1 billion to Pakistan to help the country address its ongoing economic crisis. The move drew sharp criticism from India, which abstained from the meeting of the IMF Executive Board.
The financial package was approved under the IMF’s Extended Fund Facility (EFF), after the board completed its first review of Pakistan’s performance under the program. In its statement, the IMF said that Pakistan had made “important progress” in stabilising its economy despite a difficult environment.
Also read: Pakistan launched multiple attacks along India's western border, India says
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