| GEO Business|
IMF, Pakistan to issue statement on review today
| Updated at: 1129 PST, Thursday, September 02, 2010|
WASHINGTON: The International Monetary Fund and Pakistan will release a statement on Thursday on ongoing discussions of the flood-ravaged south Asian country's $11 billion IMF loan, the fund said.
The statement at 10:15 a.m. EDT (1415 GMT) in Washington by IMF Managing Director Dominique Strauss-Kahn and Pakistan's Finance Minister Abdul Hafeez Shaikh follows a week of talks against the backdrop of severe flooding in Pakistan that has destroyed cropland and livestock and displaced millions of people.
Shaikh told reporters last week that Pakistan wanted to remain on track with the 2008 IMF loan program, under which the country pledged to implement tax and energy sector reforms and give full autonomy to the State Bank of Pakistan.
But the minister also said he would seek understanding from the international community about the troubles Pakistan faced from the catastrophic floods.