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Wins imf cash { September 26 2001 } Original Source Link: (May no longer be active)    http://news.bbc.co.uk/1/hi/business/1565745.stm http://news.bbc.co.uk/1/hi/business/1565745.stm Wednesday, 26 September, 2001, 22:16 GMT 23:16 UK Pakistan wins IMF cash The International Monetary Fund has approved a $135m cash injection into Pakistan, in a further sign of the country's strengthened relations with Western states. IMF chiefs, announcing they had cleared he final tranche of a $596m loan, praised the country's adherence to a fund-agreed economic programme. "Pakistan's achievements under the programme... have been commendable," said Eduardo Aninat, the fund's deputy managing director. "Despite adverse weather conditions, real per capita [economic output] rose, inflation has been lower than expected, and external balances and official reserves have improved in line with programme targets." The move comes four days after the US lifted sanctions against Pakistan, which has become central to Washington's counter-terrorism efforts following the attacks two weeks ago on the Pentagon and World Trade Center. The sanctions committed the US - the largest shareholders in the IMF - to blocking loans to Pakistan, or abstaining from the voting. Nonetheless, the IMF stressed Pakistan's economic progress, assessed during a visit last month, and board members approved the loan "without any problems", a fund source said. And Mr Aninat urged Pakistan to stick to 2001-02 Budget targets, stressing the importance of spending cuts and a rise in fuel tax in helping the country to balance its books. The fund's finding will be welcomed in Islamabad, ahead of a visit by a team including Pakistan's Finance Minister Shaukat Aziz and Central Bank governor Ishrat Husain to Washington next month to discuss further IMF loans.

Cash for cooperation { October 6 2001 } Economic devastation { August 31 2000 } Imf crucial talks { December 2 1999 } Japan eases debt { September 27 2001 } New economic team { October 29 1999 } Pakistan receives more imf money { April 11 2002 } Us pays 300m Wins imf cash { September 26 2001 } World bank chief wolfowitz praises pakistan economy { August 17 2005 } Files Listed: 9

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