IMF approved bailout package for Bangladesh but rejected Pakistan’s request
Автор: ANI News
Загружено: 2023-02-05
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Economic crisis remains worrying in two neighbours of India, Pakistan and Bangladesh. The International Monetary Fund (IMF) has approved loans of $4.7 billion for Bangladesh on Jan 30. It became the first to secure such funds out of three South Asian countries that applied last year.
However, IMF is giving a ‘tough time’ to Pakistan as the country is facing denials for bailouts. Pakistan is one of the three countries which sought bailout packages from IMF last year. Even PM Shehbaz Sharif admitted that IMF was giving “tough time” to Pakistan on the bailout.
Pak secured a USD 6 billion IMF bailout in 2019, which was topped up with another USD 1 billion last year. Pakistan’s depleting forex reserves forced the government to accept all the conditions set by the IMF.
#pakistan #bangladesh #imf
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