IMF to assess flood impact in next review: Azour – Mettis Global Link

October 14, 2022 (MLN): The Intercontinental Monetary Fund (IMF) will be fielding a mission in November after the yearly conferences to Pakistan to start out with the authorities preparing for the upcoming critique and are ready for evaluation of damages that Entire world Bank and UNDP are conducting in get to see what are on a single hand the repercussions on public finance and the effects on the economic system and on the modern society, claimed Director of Middle East and Central Asia Section Jihad Azour although speakin to journalists on Friday.

Primarily based on this assessment, we will require to update our numbers and based mostly on our dialogue with the authorities, we will also listen to them to see what their priorities are, and how the Fund can support.

“We were being saddened by the reduction of human as very well as also livelihood in Pakistan with the flood and we introduced, and we reiterate our condolences for the individuals of Pakistan. As you know, the Fund has been incredibly supportive to Pakistan in excess of the very last interval,” he additional.

He said that we have a method with Pakistan that has been extended and enhanced in dimensions. This is to aid Pakistan offer with the confluence of shocks commencing with the Covid disaster where by we offered added adaptability.

We accelerated some of our disbursement to just lately the exogenous shocks and the shock of boost in cost of meals and commodity. We experienced just lately done a overview that delivered Pakistan with $1.2 billion.

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Posted on:2022-10-14T13:11:21+05:00


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