IMF Approves $1.2 Billion in Aid, Reuters, 23 December 2009
EXCERPT: "The International Monetary Fund has approved a $1.2 billion aid payment to Pakistan after concluding a review of the country's economic performance, the fund said in a statement on Wednesday. The IMF bailed out Pakistan in 2008 to avert a balance of payments crisis that, allied to budget and political concerns, had undermined investors' faith in a country central to U.S. efforts to confront al Qaeda and settle a volatile region. The economic performance review came as Pakistan officials sought to keep funds flowing from its $11.3 billion aid deal, and the IMF said that with the newest disbursement the total paid out had reached about $6.54 billion. . . . Along with the IMF help, Pakistan was promised $5.7 billion in aid over two years at a donors conference in April, but only a fraction of the funds has arrived as donors demand Pakistan follow through on reforms."
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Related articles:
Zardari says Pakistan needs aid to fight "monster" of extremism, Bloomberg, 23 December 2009
Pakistan set to get $1.2 billion from IMF, DAWN, 16 December 2009
Factbox: Five political risks to watch in Pakistan, Reuters, 15 December 2009
Pakistani officials in Dubai seeking emergency IMF aid, The Telegraph, 21 October 2008
Rebuffed by China, Pakistan may seek IMF aid, The New York Times, 18 October 2008
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European Union aid to Pakistan: Steadily on the rise, 15 December 2009
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