IMF loan to help improve Pakistan’s economy: Moody’s

WASHINGTON: Loan granted by the International Monetary Fund (IMF) and the economic reforms under the program will help bring stability in the country’s economy, International Financial Rating Agency Moody’s report said.

The handout issued by the Moody’s here said that the disbursement of IMF granted loan to Pakistan augured well for the economic crisis confronting it, as the economy was expected to recover with the implementation of IMF reforms program.

The approval of $6.6 billion loan will not only help in the payment of the installments of foreign debt, but the pressure on the foreign exchange reserves would also be eased., said Moody’s.

Moody’s have also forecast in the improvement of the rate of economic growth.