October 11, 2018 / 8:22 AM / in 12 days

IMF to launch financial assistance talks with Pakistan: Lagarde

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.

IMF Managing Director Christine Lagarde attends a news conference during International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 11, 2018. REUTERS/Johannes P. Christo

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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