Watch VideoPlay Video
The International Monetary Fund is in talks with Pakistan, about how it can assist in overcoming the economic upheaval caused by recent floods. IMF Deputy Director of External Relations, Gerry Rice, says all options for assistance are being considered.
Gerry Rice, Deputy Director of External Relations, IMF said "I think we're looking at all options in terms of how we can assist Pakistan in the midst of this tragedy. As you mentioned we're already supporting the Pakistani economy via the Stand-by Arrangement and there is also the possibility of providing financing through an emergency instrument for natural disasters that has been used in the past for countries facing the consequences of these kinds of events and again these discussions are ongoing now. They're very active and we're looking at all the options with the Pakistani delegation."
- Studio interview: Chinese aid to Pakistan 2010-08-27
- Pakistan grateful to China for aid 2010-08-27
- Floods cause "major harm" to Pakistan's economy: IMF 2010-08-11