Pakistan flood recovery plan key to financial support: IMF ...Kuwait

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Pakistan flood recovery plan key to financial support: IMF
Pakistan's timely finalisation of a recovery plan from devastating floods is essential to support discussions and continued financial support from multilateral and bilateral partners, the International Monetary Fund (IMF) said on Wednesday. Pakistan was already battling a full-blown economic crisis, with decades-high inflation and dwindling foreign exchange reserves, when it was hit by floods earlier this year. It had entered a $6-billion IMF bailout programme in 2019, and the ninth review is currently pending. "The timely finalization of the recovery plan is essential to support the discussions, along with continuing financial support from multilateral and bilateral

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