International Monetary Fund chief Christine Lagarde on Sunday met Pakistani Prime Minister Imran Khan and assured him that IMF stands ready to support his country. The meeting took place on the sidelines of the World Government Summit in Dubai, hosted by the United Arab Emirates, both IMF and prime minister Imran Khan’s office said. “I reiterated that the IMF stands ready to support Pakistan,” Lagarde said in a statement following meeting Khan. Pakistan which has gone to the IMF repeatedly since the late 1980s — is facing a balance of payments crisis. Pakistan a regular borrower from the IMF since the 1980s — last received an IMF bailout in 2013 to the tune of $6.6 billion.

Source: The Guardian February 10, 2019 15:00 UTC