Pakistan’s 60-year history with the IMF in one chart
Pakistan has taken 21 loans from the IMF
Pakistan and the IMF are no strangers. Since 1958, they have made 21 agreements for loans, not including the most recent one signed on Monday. The IMF is an international organisation of 189 countries working on monetary cooperation and international monetary stability. It helps member countries in three ways:
- Economic surveillance -- monitoring the economic and financial policies of its 189 member countries.
- Lending -- providing loans to member countries facing some degree of economic crises.
- Capacity building -- modernizing member country economic policies and institutions, and training their people.
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