WASHINGTON: The Executive Board of the International Monetary Fund (IMF) will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA). Upon approval, Pakistan would have access to SDR 828 million (approximately $1.1bn). Previous statements from both the IMF and Pakistani officials indicated that not only would the board convene on April 29, but it would also approve the release of the final tranche of $1.1bn under the SBA signed in June 2023.1
[July 12 2024 approves SBA
The Executive Board’s approval allows for an immediate disbursement of SDR894 million (or about US$1.2 billion). The remaining amount will be phased over the program’s duration, subject to two quarterly reviews.
The approval of Stand-by Agreement of $3 billion by the IMF's Executive Board a little while ago is a major step forward in the government's efforts to stabilise the economy and achieve macroeconomic stability. It bolsters Pakistan's economic position to overcome immediate- to…
Publishing on the Web is a fairly iterative process. ...NYT The problem is that everyone has a different heroic truth-teller, because we’re all preoccupied by different bullshit. William Davies, Guardian ...Not too long ago, reporters were the guardians of scarce facts delivered at an appointed time to a passive audience. Today we are the managers of an overabundance of information and content, discovered, verified and delivered in partnership with active communities. summer 2012 issue of Nieman Reports from Harvard,
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THE FIX by Chris Cillizza, WAPO blogger, quoting Matt Drudge: “We have entered an era vibrating with the din of small voices,” he said in the speech. “Every citizen can be a reporter.” Later, he added: “The Net gives as much voice to a 13 year old computer geek like me as to a CEO or Speaker of the House. "
Martin Gurri
I’m not quite that pessimistic. You can find all kinds of wonderful stuff being written about practically every aspect of society today by people who are seeing things clearly and sanely. But yeah, they’re surrounded by a mountain of viral crap. And yet we’re in the early days of this transformation. We have no idea how this is going to play out.
Crescent Shift 