Pakistan wins IMF cash

PAKISTAN - 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 the 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

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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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