ISLAMABAD -- Cash-strapped and flood-stricken Pakistan has grabbed a crucial lifeline from the International Monetary Fund as it rushes to avoid a debt default and resuscitate its economy. But while the approval of a loan worth "about $1.1 billion" offers relief, experts and the IMF itself acknowledge the South Asian country is hardly in the clear.
Economy
Flood-hit Pakistan faces swirling risks despite IMF lifeline
$1.1bn loan eases fears of default but climate and politics pummel Sharif government
Nowshera, in Pakistan's province of Khyber Pakhtunkhwa, on Aug. 29: The climate minister has said that a third of the country has been flooded. © Reuters
Read Next
Latest on Economy
