The IMF on Thursday approved nearly $1.4 billion in emergency aid to Pakistan to help it weather the impact of the coronavirus pandemic, SIA reports referring to AFP.
Pakistan has recorded just over 100 deaths but experts have voiced fear that the country of 215 million people could see a rapid and devastating increase due to its shortage of medical infrastructure and crowded cities. Worried about hurting an already weak economy, Prime Minister Imran Khan has resisted a sweeping, nationwide lockdown but provinces have shuttered schools and companies.
The IMF said it was providing the $1.386 billion under a so-called rapid financing instrument, which addresses emergencies and does not subject a country to a full-fledged reform program that undergoes review. Pakistan is a longtime recipient of help from the IMF and is already under a three-year, $6 billion program that was approved last year.
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