WASHINGTON, Aug 9 (Reuters) - The worst floods in 80 years to hit Pakistan will cause 'major harm to the economy,' the International Monetary Fund said on Monday.
'They are very likely to cause major harm to the economy in terms of loss of output and budgetary consequences,' an IMF spokesman told Reuters. 'In these circumstances, support from the international community will be critical.'
The spokesman did not say whether the economic impact could affect Pakistan's $11.3 billion IMF program, but he said IMF officials were in touch with the authorities to assess the situation.
(Reporting by Lesley Wroughton; Editing by Leslie Adler and Dan Grebler) Keywords: PAKISTAN FLOODS/IMF (lesley.wroughton@thomsonreuters.com; +1-202-898-8317; Reuters Messaging: lesley.wroughton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'They are very likely to cause major harm to the economy in terms of loss of output and budgetary consequences,' an IMF spokesman told Reuters. 'In these circumstances, support from the international community will be critical.'
The spokesman did not say whether the economic impact could affect Pakistan's $11.3 billion IMF program, but he said IMF officials were in touch with the authorities to assess the situation.
(Reporting by Lesley Wroughton; Editing by Leslie Adler and Dan Grebler) Keywords: PAKISTAN FLOODS/IMF (lesley.wroughton@thomsonreuters.com; +1-202-898-8317; Reuters Messaging: lesley.wroughton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.