{"id":175579,"date":"2025-12-09T15:13:18","date_gmt":"2025-12-09T15:13:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/175579\/"},"modified":"2025-12-09T15:13:18","modified_gmt":"2025-12-09T15:13:18","slug":"imf-approves-1-2-billion-for-pakistan-from-bailout-citing-progress-on-economic-and-climate-reforms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/175579\/","title":{"rendered":"IMF approves $1.2 billion for Pakistan from bailout, citing progress on economic and climate reforms"},"content":{"rendered":"\n

ISLAMABAD (AP) \u2014 The International Monetary Fund on Tuesday approved the release of $1.2 billion to Pakistan<\/a>, giving the cash-strapped country a fresh boost as it works to recover from one of its worst economic crises in years.<\/p>\n

The IMF in a statement said its executive board completed two reviews of Pakistan\u2019s economic programs, clearing about $1 billion under its main loan facility and another $200 million from a separate climate-focused program.<\/p>\n

With the latest approval, Pakistan has received about $3.3 billion from the IMF since last year. Under the bailout, Islamabad will receive loan installments<\/a> over 37 months if it meets the agreed conditions.<\/p>\n

Pakistan, for decades, has relied on loans from the IMF and friendly nations to meet its financing needs.<\/p>\n

Prime Minister Shehbaz Sharif welcomed the decision, calling it recognition of the government\u2019s reform drive and the \u201ceffective implementation\u201d of IMF-endorsed measures. He said the latest IMF decision shows Pakistan is taking the steps needed to stabilize and grow its economy after narrowly avoiding default last year.<\/p>\n

In a statement, Sharif also praised Field Marshal Gen. Asim Munir, the country\u2019s powerful army chief and chief of defense forces, for playing a key role in supporting the reform agenda.<\/p>\n

He also praised Finance Minister Muhammad Aurangzeb and his team for their \u201ctireless work\u201d in pushing through difficult changes. Sharif said Pakistan\u2019s reform and digitalization efforts have now become a global \u201ccase study,\u201d but cautioned that shifting from stability to sustained growth will demand further effort.<\/p>\n

In a statement, the IMF said Pakistan has made \u201csignificant progress\u201d in stabilizing the economy despite a tough global environment and this year\u2019s devastating floods. It noted a stronger fiscal position, higher foreign exchange reserves \u2014 now at $14.5 billion \u2014 and an uptick in growth. Inflation has risen in recent months because floods triggered by above-normal monsoon rains pushed up food prices, but the fund expects that to ease.<\/p>\n

The bailout, approved in 2024, aims to rebuild Pakistan\u2019s reserves, strengthen its tax system and reform loss-making state-owned companies, especially in the energy sector. The climate facility, approved earlier this year, supports efforts to improve disaster management, water use and climate-related financial reporting.<\/p>\n

Nigel Clarke, the IMF\u2019s deputy managing director, said Pakistan must stay disciplined as it faces an uncertain outlook. He praised the government\u2019s commitment to meeting next year\u2019s budget targets while responding to flood damage<\/a>, and urged Islamabad to keep monetary policy tight, allow the exchange rate to move freely and push ahead with long-delayed energy reforms.<\/p>\n","protected":false},"excerpt":{"rendered":"ISLAMABAD (AP) \u2014 The International Monetary Fund on Tuesday approved the release of $1.2 billion to Pakistan, giving…\n","protected":false},"author":2,"featured_media":175580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,112690,112691,219,27464,111,139,69,2476,13789],"class_list":["post-175579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economic-crises","tag-economic-programs","tag-economy","tag-international-monetary-fund","tag-new-zealand","tag-newzealand","tag-nz","tag-pakistan","tag-shehbaz-sharif"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/175579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=175579"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/175579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/175580"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=175579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=175579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=175579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}