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A displaced man carries relief food box in a flood hit area following heavy monsoon rains in Dera Ghazi Khan district of Punjab province on Aug. 29, 2022. Shahid Saeed Mirza/AFP via Getty Images
The International Monetary Fund (IMF) board on Monday approved the revival of a bailout loan program for Pakistan, whose economy has been worsened by monsoon floods.
The IMF’s approval will allow an immediate disbursement of $1.1 billion to Pakistan.