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IMF clears $1 billion loan for Pakistan. Here’s how the bailouts work and what is India’s role
The International Monetary Fund (IMF) Friday approved the immediate disbursal of $1 billion out of a total $7 billion Extended Fund Facility (EFF) to Pakistan. It also approved Pakistan’s request for ...
Think of it as a credit union for countries that funds itself through the interest it charges borrowers minus the interest it pays creditors The IMF may be best known for providing loans to crisis-hit ...
The IMF may be best known for lending to crisis-hit countries. But what about its own finances? How does it finance its critical functions and cover its operational expenses? Let’s remember that the ...
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