Islamabad: The International Monetary Fund (IMF) is deliberating thepossibility of extending additional financial support to partner countriesduring the current testing times amid coronavirus outbreak.
This was stated by, IMF Managing Director, Kristalina Georgieva whilespeaking at a virtual meeting of the Ministers and Governors of the MiddleEast, 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 additionalfinancial support to partner countries during these testing times,” saidIMF Managing Director.
The discussion focused on the impact of the pandemic on the economies ofthe region and the implications of policy reforms undertaken to mitigatethe human and economic impact of the pandemic.
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Kristalina Georgieva highlighted that the economic recovery this time isusually faster as nations have learnt lessons on how to handle emergingcircumstances in their own peculiar way.
As per a press statement issued by the Finance Ministry, IMF managingdirector asked member countries to pursue a coherent strategy, keepingsufficient fiscal space for expansion of social safety nets and businesssupport initiatives.
Moreover, she also underscored the importance of having green economies inpost-COVID-19 outbreak to spearhead economic activities with enhancedenergy and protection of biodiversity and ecosystems.
