Showing posts with label IMF bailout. Show all posts
Showing posts with label IMF bailout. Show all posts

Friday, July 5, 2013

Pakistan, IMF agree to $5.3 billion bailout

ISLAMABAD (AP) -- Pakistan took a major step toward averting an economic crisis Thursday, reaching an initial deal with the International Monetary Fund on a bailout of at least $5.3 billion to help shore up the country's rapidly diminishing foreign reserves.