Prime Minister Shehbaz Sharif has asked the International Monetary Fund to factor in the impact of Pakistan’s recent floods while reviewing the country’s bailout programme.
“We are making steady progress towards meeting programme targets, but the devastation caused by the floods must be reflected in the IMF review,” Sharif told International Monetary Fund (IMF) Managing Director Kristalina Georgieva during their meeting in New York.
The PM office's press release appreciated the IMF’s “longstanding constructive partnership” with Pakistan, saying it had “further strengthened under Ms Georgieva’s leadership.”
The statement highlighted the IMF's timely support through a $3 billion Stand-By Arrangement in FY2024, followed by a $7 billion Extended Fund Facility (EFF) and a $1.4 billion Resili