IMF approves $1.3bn loan to Pakistan

US - The International Monetary Fund has approved a $1.3bn loan for Pakistan, to help it battle poverty and offset the economic impact of the war in Afghanistan.

The loan, under the IMF's anti-poverty programme, runs for three years and allows the Pakistan to draw $109m immediately.

Pakistan's case for borrowing the money was strengthened by its recent, first-ever completion of an IMF loan programme.

Its also won backing following its co-operation in the war on terror and the lifting of US

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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