The Asian Development Bank (ADB) today approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen a slowing economy.
The quick dispersing Special Policy-Based Loan is part of a comprehensive multi-donor economic reform program led by the International Monetary Fund (IMF) to stabilize Pakistan’s economy after a major deterioration in its fiscal and financial position in mid-2018 caused growth to slump and threatened progress in alleviating poverty.
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