IMF signs agreement with Pakistan to resolve financial crisis

Media In  Islamabad 13-05-2019 / WAM

Pakistan has announced an agreement with the International Monetary Fund (IMF) to receive $ 6 billion over three years.
The Pakistani media minister, said her government would be able to overcome economic challenges against the backdrop of the agreement between the government and the International Monetary Fund.

The country is facing an economic crisis due to corruption and mismanagement by previous governments, according to the official statement issued by the Ministry of Finance and the head of the IMF mission.

“Pakistan will also get 2 to 3 billion dollars from the World Bank and the Asian Development Bank (ADB),”  said the prime minister for financial, economic and income affairs.

The Government had resorted to the assistance of the Fund because it could not bridge the financial gap of $ 12 billion resulting from the weak economy of the past years