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IMF Says Making Progress on Pakistan Review, New Climate Loan

Bloomberg · last updated

The head of the International Monetary Fund’s mission to Pakistan said the lender and the government have made progress toward releasing the next $1 billion tranche under its current program as well as agreeing to a new loan for climate-related action.

“Program implementation has been strong, and the discussions have made considerable progress in several areas,” the mission chief, Nathan Porter, said in a statement Saturday after his team visited Islamad and Karachi from Feb. 24 to March 14.

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