Posted 1/2/2024, 2:08:11 AM
IMF Board to Decide on $700 Million Bailout Payment for Pakistan amid Economic Struggles
- IMF board to review Pakistan's request for $700 million tranche on January 11th
- Approval needed for Pakistan to receive next installment of $3 billion IMF bailout package
- Meeting outcome will shape economic cooperation between Pakistan and IMF
- IMF projects economic contraction and high inflation for Pakistan in 2024
- Despite recent uptick in reserves, Pakistan still relying on IMF support and aims to secure remaining bailout funds