Which global financial organization extended a $7 billion loan to Pakistan before the World Bank provided its assistance?

Multiple choice question for Pakistan Current Affairs MCQs. Select an option, then review the explanation below.

Explanation

Before receiving support from the World Bank, Pakistan obtained a $7 billion loan from the International Monetary Fund (IMF). This funding was approved under a 37-month Extended Fund Facility (EFF) arrangement, which plays a vital role in stabilizing Pakistan's economy. The IMF's financial assistance was instrumental in helping Pakistan manage its economic challenges, meet external obligations, and lay the groundwork for sustainable and inclusive economic growth.

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Which global financial organization extended a $7 billion loan to Pakistan before the World Bank provided its assistance?

Explanation

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