新闻:国际货币将向巴基斯坦放贷67亿美元
时间:2013-09-06 01:27:47
(单词翻译:单击)
The International Monetary1 Fund (IMF) has approved a $6.7bn loan for Pakistan amid a continuing economic crisis in the country.
国际货币基金组织批准了一项向巴基斯坦提供67亿美元的贷款,意在解决该国不断增长的经济危机。
The loan will be paid out over three years, beginning with the release of $540m, but comes with
strings2 attached.
The government must
enact3 reforms to increase growth, bring down the budget
deficit4 and improve the rate of tax collection.
Pakistan already owes the IMF nearly $5bn after earlier loans.
It last received an IMF bailout six years ago, but the government then in power failed to push through the necessary reforms.
The economy has grown by an average of just 3% a year since then - too slow to support its rapidly growing population.
Meanwhile the budget deficit has stayed high, foreign cash reserves have
dwindled5 and taxes bring in just 10% of GDP - one of the lowest proportions in the world.
Under the new plans, the deficit must fall from around 9% of GDP last year to 3.5-4% in three years, while tax collection must be improved.
There are also hopes that reforms to the energy
sector6 will help prevent frequent power cuts.
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