Thursday saw the US State Department offer its “unwavering support” for Pakistan’s economic achievements and its efforts to stabilize its unstable economy, particularly by coming to an agreement with the International Monetary Fund (IMF).
Matthew Miller, a spokesman for the State Department, made this statement in answer to a question during his daily press briefing.
“We support its attempts to stabilize its economy, including efforts to come to an agreement with the IMF. He said, “We applaud Pakistan’s efforts to stabilize its economy and control its enormous debt load.
On April 30, the Washington-based lender made available to Pakistan the final $1.1 billion installment of the $3 billion Stand-By Arrangement (SBA).
“The IMF Executive Board finished the second and last assessment of Pakistan’s”The Board’s decision allows for an immediate disbursement of SDR 828 million (around $1.1 billion), bringing total disbursements under the arrangement to SDR 2.250 billion (about $3 billion).”
