The International Monetary Fund has announced that it would consider Islamabad’s request for financial assistance under IMF’s Rapid Financing Instrument (RFI) facility to shore up the country’s foreign exchange reserves and budgetary support in the wake of the adverse impact of the coronavirus pandemic on its economy.

“Our team is working expeditiously to respond to this request so that a proposal can be considered by the IMF’s executive board as soon as possible,” said IMF Managing Director Kristalina Georgieva in a statement released to the media by the Fund’s Islamabad-based office.

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