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Cash Windfall Before Ballots: Pakistan Clinches $700 Million IMF Loan

Pakistan won final approval for the disbursement of about $700 million in aid from the International Monetary Fund, boosting the embattled South Asian economy ahead of elections next month. The IMF’s executive board completed the first review of a 9-month Stand-By Arrangement (SBA) approved last year to support the country’s economic stabilization program, allowing for the disbursement. The decision will help Pakistan secure financing from other creditors, as the SBA expires in March, and gives confidence to markets that the

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