Dar urges IMF, multilateral donors to offer greater policy support

Finance Minister Ishaq Dar on Sunday urged the International Monetary Fund (IMF) and multilateral donors to provide greater policy support. He asked the 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 they face amid climate-induced calamities, according to a press release issued by the finance ministry. Dar made the remarks while addressing a meeting of Menap (Middle East, North Africa, Afghanistan, and Pakistan) ministers of finance and central bank governors with the IMF Managing Director Kristalina Georgieva. During the meeting, Goergieva spoke about the challenges regional economies were facing, including those related to climate change, such as the destructive floods in Pakistan. She expressed sympathy with Pakistan and assured the country of the Fund's full support, the statement added.