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Archive Home > 2008 > November > 16 > Pakistan accepts $7.6B IMF bailout

Pakistan accepts $7.6B IMF bailout


November 16, 2008

Pakistan said Saturday it had agreed to borrow $7.6 billion from the International Monetary Fund in an effort to stabilize the economy of this strategically important U.S. ally.

The government had been reluctant to go to the IMF but had little choice once even close allies the United States,....

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