When did Pakistan join the International Monetary Fund (IMF)?
When did Pakistan join the International Monetary Fund (IMF)?
Answer: 1950
Pakistan became a member of the International Monetary Fund in 1950 to integrate into the global financial system and gain access to financial assistance for economic development. Membership allowed Pakistan to receive technical guidance and funding to address balance of payments issues. Over the years the country has engaged in multiple IMF programs aimed at stabilizing the economy managing inflation and implementing structural reforms. While IMF support has provided crucial short-term relief it has also brought debates on economic sovereignty and the need for sustainable domestic fiscal policies.
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