The International Monetary Fund (IMF) recently held a meeting in Washington, where they decided to give Pakistan the final part of their loan. This money, totaling $1.1 billion, is the last bit of support from the current loan program.
It’s said that this installment was approved under something called the standby arrangement. So far, out of the total $3 billion loan, Pakistan has already received $1.9 billion. This decision by the IMF’s Executive Board shows that they see some good things happening in Pakistan’s economy.
Once Pakistan gets this money, they will have completed a 9-month standby arrangement. This arrangement has been really important for Pakistan because it has helped them avoid a situation where they couldn’t pay their debts. So, this last bit of money is like the final piece in a puzzle that’s helped Pakistan manage their finances better.
