Federal Finance Minister Senator Ishaq Dar has called for greater policy support for Pakistan from the International Monetary Fund (IMF) and other multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country.
Dar was addressing a meeting of MENAP (Middle East, North Africa, Afghanistan, and Pakistan) ministers of finance and central bank governors along with IMF Managing Director Kristalina Georgieva in Washington DC.
He urged IMF to tailor its response to the situation in Pakistan and similar countries by taking into consideration the serious economic, social and political challenges that these countries face in the backdrop of climate-induced calamities.
The finance minister highlighted the humanitarian catastrophe and losses suffered by the country. Given the scale of a disaster, he called for greater policy support for Pakistan.
Despite that, Dar committed to completing the Fund’s program despite the challenges.
On the occasion, IMF Managing Director Georgieva highlighted the challenges faced by regional economies including from climate change events citing Pakistan’s damaging floods. She expressed her deep sympathies with Pakistan and assured the Fund’s full support.
