Pakistan appointed a new finance minister on Wednesday, as the impoverished Islamic nation struggles to recover from an economic crisis worsened by deadly floods.

Ishaq Dar, a senior figure in the ruling Pakistan Muslim League party, has been finance minister three times, and he is credited with overcoming economic turmoil during his previous stints in the role.

His challenges will be to convince the International Monetary Fund to soften some of its conditions under which Pakistan received a $6 billion bailout in 2019 and to deal with the economic devastation caused by unprecedented flooding.

He will also have to tackle a sharp rise in inflation and stabilize the rupee after it plummeted to a record record low of 240 against the U.S. dollar last week.

Dar’s appointment comes as Pakistan struggles with the aftermath of historic flooding, which has killed 1,663 people, affected tens of million others, and left hundreds of thousands homeless. The government has estimated losses of $30 billion.

The group came into existence in 2006 to counter Hindu-nationalist groups with the merger of the Karnataka Forum for Dignity and the National Development Front.