by Calculated Risk on 10/31/2008 04:34:00 PM

Form the Telegraph: Pakistan to receive $9bn from IMF in fight against bankruptcy

Pakistan is to receive a $9bn (£5.5bn) bail-out loan from the International Monetary Fund as the country has three weeks to stave off bankruptcy. ... The IMF agreed in principle to a billion dollar economic stabilisation plan for Pakistan during a week-long meeting with Pakistani officials in Dubai ... Pakistan needs at least $4bn to avoid defaulting on its foreign debts ...

Iceland, Hungary, Ukraine and Pakistan ... the list is growing.