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of <h1>IMF Approves $1B Financial Package for South Asian Nation, Confirms Compliance with Strict Economic Performance Conditions</h1> The International Monetary Fund (IMF) approved one billion USD in financial assistance to a South Asian country after finding it met all program conditions. The executive board granted the funds following a review of its extended fund facility, despite concerns raised by another regional country about potential misuse. The IMF emphasized that funds are allocated to the central bank's reserves, not budget financing, and include strict conditionality measures to ensure proper use.
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