Pakistan finance chief reaffirms commitment to IMF bailout programme
Pakistan
Pakistan finance chief reaffirms commitment to IMF bailout programme
GENEVA (Web Desk) – Finance Minister Ishaq Dar has reiterated the government s commitment to complete the International Monitory Fund (IMF) programme.
He expressed his reaffirmation in a meeting with IMF s Mission Chief to Pakistan Nathan Porter, on the side lines of International Conference on Climate Resilient Pakistan in Geneva.
During the meeting, they discussed challenges to regional economies in the wake of Climate change.
The Finance Minister also held separate meetings with World Bank Vice President Martin Raiser, Islamic Development Bank President Muhammad Al- Jasser and Deputy Administrator of the US Agency for International Development, Isobel Coleman.
At the Geneva moot, Pakistan on Monday secured over $10 billion pledges from the international financial institutions, donor agencies and development partners for the rehabilitation, recovery and reconstruction of flood affected areas.
The major pledges made at the conference, co-chaired by Pakistan and the United Nations in Geneva, Switzerland, included $ 4.2 billion from the Islamic Development Bank (IsDB), $ 2 billion from the World Bank, $ 1.5 billion from the Asian Development Bank (ADB), $ 1 billion from the Asian Infrastructure Investment Bank (AIIB) and $ 1 billion from Saudi Arabia.
