IMF Bailout for Pakistan Approved at $1.2 Billion | GS2 IR News

Context
IMF approved $1.2 bn for Pakistan as part of its bailout package, citing “significant progress” in stabilizing its crisis-hit economy. What is an IMF Bailout?
IMF bailout = Emergency loan given to a country facing severe economic trouble (low forex, high debt, inflation) to prevent economic collapse.
Comes with conditions:
• Fiscal tightening
• Subsidy cuts
• Tax/structural reforms

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IMF Bailout for Pakistan Approved at $1.2 Billion | GS2 IR News

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