On 29 August, the International Monetary Fund's executive board approved about $1.2 billion for Pakistan, delivering much-needed aid as the nation struggles with an economic crisis made worse by enormous floods.
According to Antoinette Sayeh, the acting chair and deputy managing director of the IMF, "Pakistan's economy has been buffeted by severe external conditions, due to spillovers from the crisis in Ukraine, and domestic issues.” To restore economic stability and inclusive and sustainable growth, Sayeh criticized government policies that led to "uneven and unbalanced growth" and emphasized that Pakistan must execute "corrective policies and reforms.
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