PAKISTAN-IMF TALKS AFTER FLOODS
Pakistan & Gulf Economist 2010, Sept 5, 29, 35
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Publisher Description
Byline: SYED FAZL-E-HAIDER - (feedback@pgeconomist.com) It is presently impossible for the flood-hit Pakistan to meet the conditions of the lending programme agreed with the International Monetary Fund (IMF) in 2008. Finance Minister Abdul Hafeez Shaikh, who is currently in Washington, is trying to persuade the IMF to ease the terms of the current $11 billion loan or consider new financing. Pakistani officials believe that it would not be difficult for the country's financial team to convince the IMF on slippage on fiscal side because of the devastating floods.
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