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IMF to initiate talks for Pakistan's financial bailout next week: Lagarde

We look forward to our continuing partnership, said IMF chief Lagarde

Reuters  |  Indonesia 

Christine Lagarde
Christine Lagarde, IMF chief | Photo: Reuters

has requested financial assistance from the Monetary Fund to address its economic challenges, Managing Director said on Thursday.

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 and annual meetings in Bali.

"An 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."

First Published: Thu, October 11 2018. 13:50 IST