ISLAMABAD, November 22: The World Bank has restored budgetary support to Pakistan on account of strengthening of economic stability, said Minister of Economic Affairs Hammad Azhar on Friday. The World Bank has restored Budgetary Support to Pakistan on account of strengthening of economic stability. Both ADB and WB had suspended budgetary support to Pakistan during 2017 due to rising macroeconomic imbalances that had arisen in the economy at that time.
In a tweet, the minister said: “Both ADB and WB had suspended budgetary support to Pakistan during 2017 due to rising macroeconomic imbalances that had arisen in the economy at that time.”
Earlier this month, Pakistan and the International Monetary Fund reached a staff-level agreement on the first review under the Extended Fund Facility on Friday, according to which Islamabad will receive another installment of US$450 million. Agencies
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