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Pakistan secures final IMF approval for $700 million loan tranche
Pakistan won approval for the disbursement of $700 million in aid from the IMF, boosting the economy before elections. The IMF program helped stabilize the economy and boost reserves. Pakistan's economy is expected to grow 2% after contracting last year. The IMF funds are critical for securing financing from other creditors. The nation may need another loan from the IMF. The IMF has now disbursed a total of about $1.9 billion under the program, it said.
Pakistan won approval for the disbursement of $700 million in aid from the IMF, boosting the economy before elections. The IMF program helped stabilize the economy and boost reserves. Pakistan's economy is expected to grow 2% after contracting last year. The IMF funds are critical for securing financing from other creditors. The nation may need another loan from the IMF. The IMF has now disbursed a total of about $1.9 billion under the program, it said. 
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