The IMF and the World Bank have stepped up aid to flood-hit Pakistan to help the country cope with its worst-ever humanitarian disaster, officials said Thursday.
IMF chief Dominique Strauss-Kahn said the fund "will provide around 450 million dollars in immediate emergency financing" to Pakistan to help manage the aftermath of devastating floods that have affected 18 million people.
Pakistani and IMF officials have been holding talks in Washington for more than a week after Islamabad warned they would not be able to meet key IMF targets on inflation and budget deficit levels.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
