Business
IMF mulls additional financial support to partner countries
Islamabad: The International Monetary Fund (IMF) is deliberating the possibility of extending additional financial support to partner countries during the current testing times amid coronavirus outbreak.
This was stated by, IMF Managing Director, Kristalina Georgieva while speaking at a virtual meeting of the Ministers and Governors of the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region.
The meeting was attended by Federal Minister for Finance and Revenue, Muhammad Hammad Azhar and other Ministers and Governors.
“The IMF Board is deliberating the possibility of extending additional financial support to partner countries during these testing times,” said IMF Managing Director.
The discussion focused on the impact of the pandemic on the economies of the region and the implications of policy reforms undertaken to mitigate the human and economic impact of the pandemic.
Kristalina Georgieva highlighted that the economic recovery this time is usually faster as nations have learnt lessons on how to handle emerging circumstances in their own peculiar way.
As per a press statement issued by the Finance Ministry, IMF managing director asked member countries to pursue a coherent strategy, keeping sufficient fiscal space for expansion of social safety nets and business support initiatives.
Moreover, she also underscored the importance of having green economies in post-COVID-19 outbreak to spearhead economic activities with enhanced energy and protection of biodiversity and ecosystems.
-
Health 1 day ago
Punjab to provide free medicines to 0.2m patients at their doorstep
-
Pakistan 2 days ago
World Press Freedom Day being observed today
-
Pakistan 2 days ago
PM's Saudi Arabia visit to deliver positive results in few months: Tarar
-
Business 2 days ago
Gold price in Pakistan declines by Rs1,400 per tola
-
Regional 2 days ago
Press Club president killed, nine wounded in Khuzdar bomb blast
-
Technology 1 day ago
Binance founder’s sentencing hearing
-
Regional 2 days ago
Magnitude 4.2 quake hits Turbat in Balochistan
-
Pakistan 1 day ago
PPP nominates Kundi, Haider for KP, Punjab governorship