On Sunday, the International Monetary Fund (IMF) expressed its “deep sadness” over the devastation caused by the floods in Pakistan.”Our hearts go out to the many millions of flood victims.
In accordance with the current programme, we will collaborate with other members of the international community to support the authorities’ relief and reconstruction efforts, particularly their ongoing efforts to help those affected by the floods while ensuring sustainable policies and macroeconomic stability “Esther Perez Ruiz is the country representative for the multilateral bank.
Despite the IMF programme having resumed after a seven-month break, Pakistan is still suffering from a severe dollar liquidity crisis as the catastrophic floods have exacerbated the macroeconomic fundamentals.
