$XRP The International Monetary Fund (IMF) executive board has recently taken significant steps to support Pakistan's economy by approving a fresh loan of $1.4 billion under its climate resilience fund. In addition, the board has also completed the first review of Pakistan's broader $7 billion program, which has resulted in the release of approximately $1 billion in cash to the country. The IMF emphasized that Pakistan's policy efforts under this program have made substantial strides in stabilizing the economy and restoring confidence among investors and stakeholders, especially in light of the challenging global economic environment. This financial assistance is expected to bolster Pakistan's efforts to address pressing economic challenges and enhance its resilience against climate-related issues, ultimately contributing to sustainable development in the region. The approval reflects the IMF's commitment to supporting member countries in navigating economic difficulties while promoting sound fiscal policies and long-term growth strategies.
