WASHINGTON, Oct 22 (Reuters) - The International Monetary Fund said on Wednesday it would begin talks with Pakistan in the next few days about securing funding to avert a balance of payments crisis.
"A Fund mission will begin discussions with the authorities within the next few days on a program aimed at strengthening economic stability and enhancing confidence in the financial system," IMF Managing Director Dominique Strauss-Kahn said in a statement.
"The amount of Fund financing under a stand-by arrangement has yet to be determined. Financing could be made within the framework of the Fund's Emergency Financing Mechanism."
Pakistan needs $10 billion to $15 billion of support from foreign lenders, the country's newly appointed economic troubleshooter said on Tuesday.
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