Credit Enhancement

In Financial Crunch, Pakistan Asks IMF For $1 Billion, Seeks Additional Support

Pakistan has officially requested $1 billion in funding from the International Monetary Fund’s facility designed to assist low- and middle-income countries in addressing climate risks, Finance Minister Muhammad Aurangzeb announced on Thursday (October 24). “We have formally requested to be considered for this facility,” Aurangzeb told Reuters during the IMF/World...