The world’s leading monetary body said favourable market sentiment and expansion of its fiscal policy have set the country on the right path for now.
Trillions of dollars in international investments by large corporations is nothing more than accounting gimmickry.
Recession-hit Argentina has suffered market volatility since business-friendly President Mauricio Macri was trounced in party primaries three weeks ago by leftist challenger Alberto Fernandez.
Abdallah Hamdok says $10bn in direct aid and foreign currency reserves are needed to help the economy recover after recent political instability.
The peso got slammed for a third day on Wednesday, despite President Mauricio Macri's measures to soften the impact of austerity on voters.
International Monetary Fund Managing Director Christine Lagarde's resignation comes two weeks after her nomination on July 2 for the ECB top job.
The loan was agreed upon last year after the nation was hit by a sharp depreciation of the peso amid double-digit inflation.
The head of the IMF has temporarily stepped down as she waits to find out whether she will become the first woman to lead the powerful ECB.
The deal comes after months of negotiations over what will be Pakistan's 22nd bail out aimed at staving off a potential balance-of-payments crisis as the country struggles with a stagnating economy.
Pakistan's Finance Minister Asad Umar says he's confident Islamabad will secure International Monetary Fund bailout, following PM Imran Khan's meeting with fund's chief Christine Lagarde in Dubai.
Since Tunisia’s popular uprising in 2011, living standards have eroded as political turmoil and lack of reforms deterred investment needed to create jobs.
The money will be used to boost foreign currency reserves at Pakistan's central bank as the country faces a balance of payment problem.
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