The IMF is making the polycrisis we are facing even worse by forcing its most indebted borrowers to pay surcharges.
The $7bn loan is a lifeline for Pakistan’s struggling economy, but experts say the country needs fundamental changes.
Approval comes more than two months after international lender and Islamabad said they had agreed on programme.
From an IMF deal he wants to renegotiate to parliamentary elections, president-elect faces key challenges.
Election being seen as referendum on Ranil Wickremesinghe who has restored some economic stability in crisis-hit nation.
Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.
Petrol will cost up to 15 percent more from Friday.
Critics say IMF provides loans to desperate African countries on stringent terms, disproportionately affecting the poor.
Report shows country has slid into a protracted financial crisis, with Syrian refugee population hit particularly hard.
It’s the final tranche of $3bn programme agreed last year to avert default as Islamabad seeks another long-term bailout.
The deal comes as the central bank said it would let the Egyptian pound trade freely.
New gov’t will have to deal with soaring inflation, increasing poverty, low forex reserves and weakening infrastructure.
IMF upgrades growth outlook for Russia and downgrades expectations for the eurozone.
New president Milei warns of painful measures as currency value slashed, subsidies cut, public works tenders cancelled.
