Brief by Shorts91NewsDesk / 03:04am on 11 May 2025,Sunday India Global
On May 9, 2025, the International Monetary Fund (IMF) approved a new $1.4 billion loan for Pakistan under its climate resilience fund and completed the first review of Pakistan's $7 billion economic stabilization program, unlocking an additional $1 billion in cash. This brings total disbursements under the $7 billion program to $2 billion. The IMF commended Pakistan's policy reforms for contributing to economic stabilization and renewed confidence despite global uncertainties. Pakistan’s Prime Minister dismissed India’s objections, asserting that attempts to derail the IMF program were unsuccessful. (PC: Reuters)
