The International Monetary Fund sent a letter of comfort to the Asian Development Bank, which would allow the latter to extend a program loan of USD500 million to rescue Pakistan’s dwindling foreign reserves. The World Bank opted to provide project loans and hence does not require such letter. (“IMF extends letter of comfort to ADB for USD500m loan to Pakistan” - News, Sept. 18, 2008
Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
