Abu Dhabi fund allocates USD3bn deposit to Pakistan’s central bank
The Abu Dhabi Fund for Development has allocated USD3bn to Pakistan through a deposit into the country’s central bank, the fund said on Tuesday. Pakistan is battling to bring under control a gaping current account deficit that has hurt its economy and lowered growth. The deposit was announced in December. It is aimed at supporting Pakistan’s economic growth and helping it achieve its monetary policy targets.
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