Pakistan promises IMF reforms despite $16 bn flood damage ...Kuwait

News by : (The New Arab) -
Pakistan's finance minister has promised international lenders to stay true to economic reforms despite a new estimate that his country quickly needs more than $16 billion to recover from devastating floods. Finance Minister Ishaq Dar also said that a flood donors' conference promised by French President Emmanuel Macron would take place next month which he hoped would help Pakistan both with immediate and longer-term needs. The International Monetary Fund in late August released $1.1 billion to Pakistan as part of a $6 billion package sealed in 2019 as the new government of Prime Minister Shehbaz Sharif moved forward on reforms. "It will be our endeavor, even at the

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