IMF board approves $1.3 billion loan for Pakistan
Global lender commits nearly $1.1 billion under Expanded Funding Facility and $220 million under Resilience and Sustainability Facility The International Monetary Fund’s board on Monday approved a $1.3 billion loan, granting waivers for missing some key conditions and securing a fresh commitment from Pakistan to introduce new tax measures to offset the impact of a huge revenue shortfall. To secure the IMF board meeting date, Pakistani authorities agreed to fulfill two previous actions – a guarantee to issue a restructuring order for an undercapitalized bank and the publication of the governance and corruption assessment report – the latter costing the
