“The mission will assess whether the FY26 budget, its spending allocations and emergency provisions remain sufficiently agile to address the spending needs necessitated by the floods,“ said Mahir Binici, the IMF’s resident representative in Pakistan.
The floods have destroyed crops, livestock and homes across Punjab province and are now pushing into Sindh, threatening fresh food inflation and deeper hardship in the cash-strapped South Asian nation.
Reuters poll
IMF's board approved a fresh $1.4 billion loan in May to help Pakistan strengthen its economic resilience to climate vulnerabilities and natural disasters.
The Global Climate Risk Index places Pakistan among the countries most vulnerable to
climate change - REUTERS
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