Pakistan floods: Disaster to cost more than $10bn, minister says

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Unprecedented floods have killed more than 1,100 people and washed away roads, crops, homes and bridges. …

In a statement on the $1.1bn bailout, IMF deputy managing director Antoinette Sayeh said: “Pakistan’s economy has been buffeted by adverse external conditions, due to spillovers from the war in Ukraine, and domestic challenges, including from accommodative policies that resulted in uneven and unbalanced growth.”

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