💨 Abstract
The International Monetary Fund (IMF) approved the disbursal of $1 billion out of a $7 billion Extended Fund Facility (EFF) to Pakistan, with an additional $1.4 billion requested. India abstained from voting due to concerns over Pakistan’s economic management and alleged cross-border terrorism. Pakistan has had 25 arrangements with the IMF since 1958, indicating frequent reliance on financial aid.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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