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IMF board approves $700m disbursement for Pakistan


The IMF's executive board approved an immediate disbursement of around $700 million for Pakistan Thursday as part of a program to support the country through an economic crisis.

The funds were unlocked after the International Monetary Fund board approved the first review of a nine-month, $3 billion loan agreement reached in July 2023 to help Pakistan weather a balance-of-payments crisis and service crippling external debt.

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