United Nations Development Group
The IMF has approved a $1 billion loan disbursement for Pakistan after signaling approval with recent government reforms.
The money comes from an agreement that was approved in July 2019 for a $6 billion loan over a period of more than three years under the Washington-based crisis lender's Extended Fund Facility.
The IMF welcomed the development
The comprehensive efforts of Turkish authorities toward the goal of turning Istanbul into a U.N. hub in line with Turkey's business and humanitarian foreign policy are bearing fruit.
The U.N. will relocate some headquarters to Istanbul from Geneva and open an Office for the Coordination of Humanitarian Affairs (OCHA) in the metropolis to support field operations worldwide.