Don’t use IMF dollars to pay back Chinese loans, Pompeo tells Imran Khan of Pakistan

Don’t use IMF dollars to pay back Chinese loans, Pompeo tells Imran Khan of Pakistan

Imran Khan is said to be considering asking for IMF assistance to try and stabilise Pakistan’s economyTEHREEK-E-INSAF/AP

The US secretary of state has told Pakistan that any funds provided to its new government under a possible $12 billion International Monetary Fund bailout programme should not be used to repay Chinese loans.

Mike Pompeo said that there was “no rationale” for an IMF package that would be used to shift funds on to Chinese lenders. Imran Khan, Pakistan’s prime minister-elect after a general election last week, is said to be considering asking for IMF assistance to try to stabilise Pakistan’s economy.

Speaking only hours after he had urged Asian nations to look towards the US rather than Beijing, Mr Pompeo suggested that any IMF deal for Pakistan would have to be scrutinised carefully by Washington. The US is the biggest contributor to IMF…

Want to read more?

Register with a few details to continue reading this article

Leave a Reply

Your email address will not be published. Required fields are marked *