Friday October 14, 2022

Ishaq Dar Meets Deputy MD IMF

WASHINGTON: The International Monetary Fund (IMF) said it is awaiting World Bank and UNDP’s assessment report and the economic devastation as a result of unprecedented flooding in the country to determine how it can help Pakistan.

The global lender also shared that it would send a mission in November to Pakistan after the annual meetings as part of preparations for the next review. However, the Fund said it will wait for the assessment of the damages that the World Bank and UNDP are conducting at the moment.

“We are waiting for the assessment of the damages that the World Bank and UNDP are conducting to see what are the repercussions on public finance and the impact on the economy and on the society,” IMF’s Director of the Middle East and Central Asia Department Jihad Azour said in a press briefing in Washington on Thursday.

“We were saddened by the loss of human as well as also livelihood in Pakistan with the flood and we presented, and we reiterate our condolences for the people of Pakistan. The Fund has been very supportive of Pakistan over the last period. We have a programme with Pakistan that has been extended and increased in size.”

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