On May 12, 2023, Pakistan and the IMF reached a staff-level agreement for a $3 billion bailout, a nine-month Stand-By Arrangement (SBA) to help stabilize its economy, with final approval by the IMF board expected in mid-July 2023, unlocking immediate funds and averting a default. This agreement, part of broader efforts for long-term stability, involved significant policy commitments from Pakistan for fiscal and structural reforms.
On May 12 Pakistan and IMF reached a staff-level agreement for a _________ bailout over year
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