In a crucial development for Pakistan's economic stability, the International Monetary Fund (IMF) announced on Wednesday that it had successfully reached a staff-level agreement with Pakistan.
It might also trigger a portfolio shift, with central banks and other financial actors seeing an IMF seal of approval and feeling more confident in holding RMB and RMB-denominated assets.
The seal of the International Monetary Fund (IMF) is seen outside of a headquarters building in Washington, D.C., on April 7, 2021. Photo for illustrative purposes. (Mandel Ngan/AFP via Getty ...
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Pakistan seals $1.2 billion Saudi oil deal
Pakistan and Saudi Arabia on Monday signed a deal for $1.2 billion loan to buy oil on deferred payments, bridging the foreign ...
When President William Ruto held a meeting with the IMF Managing Director Kristalina Georgieva on the sidelines of COP27 in Sharma El-Sheikh, Egypt. [PCS] The International Monetary Fund (IMF ...