Pakistan Secures Preliminary Deal for $6B IMF Bailout

Pakistan Secures Preliminary Deal for $6B IMF Bailout
A logo for the 2017 Annual Meetings is seen inside the International Monetary Fund (IMF) headquarters in Washington, DC, during the 2017 IMF Annual Meetings on Oct. 10, 2017. ANDREW CABALLERO-REYNOLDS/AFP/Getty Images
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ISLAMABAD—The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic reforms.

Pakistan and the international lender reached a “staff-level agreement” subject to approval by the IMF management and the executive board, IMF envoy Ernesto Ramirez Rigo said in a statement.