IMF Set to Hold Key Board Vote on Pakistan’s $3 Billion Bailout
- Pakistan has been scrambling to tackle the economic crisis
- Country won initial approval for the arrangement last month
This article is for subscribers only.
The International Monetary Fund’s executive board will hold a crucial vote on whether to approve a short-term $3 billion loan program for Pakistan later on Wednesday, according to a person familiar with the matter.
The South Asian nation received initial approval for the nine-month arrangement last month, a move that eased fears of a sovereign default and led to a rally in the nation’s dollar bonds.