Amid rising tensions with India, IMF gives USD 1.3 billion loan to Pakistan despite strong objections by Modi govt
Amid rising tensions with India, Pakistan secures a $1.3 billion loan approval from the IMF, boosting its economic stability and signaling international financial support.
New Delhi: In a essential enhance to Pakistan’s economy, the World Financial Fund (IMF) on Friday approved the rapid disbursement of roughly USD 1 billion below the ongoing Extended Fund Facility (EFF) programme, in step with an announcement launched by the High Minister’s Office (PMO).
Pakistan’s High Minister Shehbaz Sharif applauded the World Financial Fund’s (IMF) approval of a mortgage tranche, viewing it as helpful for the nation’s financial health. The High Minister’s Office furthermore urged that this success underscored Pakistan’s economic resilience, specifically unlike what it characterized as unsuccessful Indian tension ways.
The PMO further emphasised that Pakistan’s economic effort has improved in most recent months, crediting ongoing reforms and global cooperation. “The country is transferring in direction of construction,” the statement infamous, suggesting rising optimism right thru the manager over the nation’s financial trajectory.
The World Financial Fund (IMF) this day reviewed the Extended Fund Facility (EFF) lending program ($1 billion) and furthermore regarded as as a original Resilience and Sustainability Facility (RSF) lending program ($1.3 billion) for Pakistan. As an active and responsible member country,… pic.twitter.com/qGbHJF4SeK
— ANI (@ANI) May 9, 2025
This disbursement is a component of Pakistan’s broader engagement with the IMF to stabilize its economy, put collectively debt, and pursue structural reforms. The funds are expected to bolster foreign alternate reserves, beef up the national budget, and contribute to investor self belief.
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