Hyde
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$11.2bn from imf.. imf money isnt given for development but for BOP imbalances (SDRs)..nor are forex reserves for dev..
i think its misinfo..
well when the payment is received usually it goes into the Forex reserves account for a certain period of time before diverting this amount for other purposes and you are right it is for the BOP but a major chunk of that amount will also be used for development purposes as per the IMF.
Anyway lets get back to topic now