Pakistan to Get $450 Million Emergency Loan From IMF
This article is for subscribers only.
Pakistan will receive $450 million in emergency financing from the International Monetary Fund to help the country rebuild an economy ravaged by record flooding, said Dominique Strauss-Kahn, the fund’s managing director.
In a statement today in Washington, Strauss-Kahn said he will ask the IMF board to make the loan available this month. He also told reporters that talks are continuing to “reorganize” a previously approved loan, unrelated to the disaster, that was frozen.