August 26, 2010 / 8:28 PM / 10 years ago

Pakistan says it wants to stay with IMF program

WASHINGTON (Reuters) - Pakistan wants to stay on track with its International Monetary Fund loan program and demonstrate its resolve to make tough economic decisions, Finance Minister Abdul Hafeez Shaikh said on Thursday.

“We want to remain on track with the IMF program because that is a reform program that we are ourselves undertaking,” he told reporters outside the IMF in Washington.

“We want to continue to demonstrate our resolve to take difficult decisions,” added Shaikh.

Shaikh and other top Pakistan officials are holding technical talks with the IMF on salvaging the economy and on assessing the economic impact of floods that have displaced millions of people and damaged farmland.

Pakistan aimed to ensure fiscal austerity, stay within fiscal targets and reform public sector corporations to set the stage for economic growth, he said.

“We are also looking for our partners in the international community to understand the emerging situation,” said Shaikh, referring to the catastrophic floods.

Editing by Xavier Briand

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