Senior Pakistani finance officials on Aug. 26 joined talks with the International Monetary Fund to find ways to boost the Islamic nation’s economy amid the massive flooding.
The negotiations are exploring options that seek to beef up the Pakistani economy through lowering fiscal targets set for an IMF loan program and drawing financing from the fund’s facility for countries hit by disasters.
The talks are “ongoing at a technical level and are focused on getting a better sense of the impact of the floods on the economy,” said IMF spokesman Gerry Rice.
The negotiations are expected to last until late next week. Pakistani officials are also due to meet with World Bank President Robert Zoellick on Sept. 1, a World Bank spokesman told Reuters.