Pakistan needs to continue its reform programs with the International Monetary Fund to be able to secure enough financial assistance to stabilize its economy in the aftermath of the massive flooding it suffered, the Asian Development Bank said according to Reuters. The bank argued that delaying the implementation of reforms outlined in the IMF program would not do the country any good. The reforms would help the country win aid not only for rehabilitation and reconstruction but also for economic restructuring and stabilization, the report said.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.