IMF stands ready to support Pakistan

Observer Report

International Monetary Fund (IMF) Communication Department Director Gerry Rice on Thursday said that IMF is ready further assistance to Pakistan during third wave of coronavirus epidemic

Addressing a virtual press briefing, Gerry Rice said that the IMF wants to help Pakistan in the wake of the Covid-19 shock to Pakistan’s economy.

Gerry Rice said that a month ago IMF had completed the pending reviews of the financing arrangement we have with Pakistan and the decision by our Board at that time allowed for an immediate disbursement of about $500 million, which brought total disbursements to Pakistan of about $2 billion.