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IMF and IDB Aid Pakistan and Uganda
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Overview
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The IMF disburses $1.1 billion to Pakistan, aiming to enhance economic stability and prevent a sovereign default, while Uganda secures a $295 million loan from the Islamic Development Bank for infrastructure projects. Pakistan is in discussions for a new long-term loan agreement with the IMF.
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How do these financial transactions reflect broader trends in international economic cooperation and development assistance?
How might the IMF's financial support impact Pakistan's economic reforms and stability?
What challenges could Uganda face in effectively utilizing the $295 million loan for infrastructure projects?
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