The International Monetary Fund’s board approved a $6.7 billion loan package for Pakistan on Wednesday. In a statement, the monetary fund said the three-year loan program should help Pakistan rebuild its reserves and prevent a crisis in its balance of payments. http://www.nytimes.com/2013/09/05/world/asia/imf-approves-6-7-billion-loan-for-pakistan.html?ref=world Loans from the monetary fund generally come with conditions for economic changes and encourage other donors to step in with additional financing. The Pakistani central bank has only about $5 billion left in foreign currency reserves, enough to cover less than five weeks of imports.
Join 123 other subscribers
Search
Recent Posts
- Make Way for the Killer Robots: The Government Is Expanding Its Power to Kill
- HERE’S HOW UKRAINE’S CORRUPT ELITES ARE PROFITING FROM THE CONFLICT
- Enemy Conducts Microwave ‘Attack’ on US Diplomats
- NWO: China orders mandatory face scans for all phone users
- The face of future protests, The People vs. Totalitarian CCP
Archives
- December 2022
- December 2020
- December 2019
- October 2019
- August 2019
- March 2019
- January 2019
- December 2018
- November 2018
- September 2018
- August 2018
- July 2018
- April 2018
- March 2018
- January 2018
- September 2017
- August 2017
- May 2017
- April 2017
- March 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013