Cash-strapped Pakistan makes formal request to IMF for another bailout

Pakistan has formally requested a new bailout package from the International Monetary Fund (IMF), ranging between USD 6 to USD 8 billion. The country seeks augmentation through climate financing and aims to finalize details with an IMF review mission next month. The exact size and timeframe of the package will be determined in May 2024 after consensus on major program contours.
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