IMF to launch financial assistance talks with Pakistan: Lagarde

IMF Managing Director Christine Lagarde talks during a trade conference at the 2018 International Monetary Fund (IMF) World Bank Group Annual Meeting at Nusa Dua in Bali Province
IMF Managing Director Christine Lagarde talks during a trade conference at the 2018 International Monetary Fund (IMF) World Bank Group Annual Meeting at Nusa Dua in Bali Province, Indonesia, October 10, 2018 in this photo taken by Antara Foto. Antara Foto/Jefri Tarigan/ via REUTERS

October 11, 2018

NUSA DUA, Indonesia (Reuters) – Pakistan has requested financial assistance from the International Monetary Fund to address its economic challenges, IMF Managing Director Christine Lagarde said on Thursday.

Lagarde said in a statement that the request came during her meeting with Pakistani Finance Minister Asad Umar, and central bank governor Tarik Bajwa on the sidelines of the IMF and World Bank annual meetings in Bali.

“An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic program,” Lagarde said. “We look forward to our continuing partnership.”

(Reporting by David Lawder; Editing by Shri Navaratnam)

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