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Economy

US' Pompeo warns against IMF bailout for Pakistan that aids China

Updated : July 31, 2018 08:36 PM IST

In an interview with CNBC television, Pompeo said the United States looked forward to engagement with the government of Pakistan's expected new prime minister, Imran Khan, but said there was "no rationale" for a bailout that pays off Chinese loans to Pakistan.
The Financial Times reported on Sunday that senior Pakistani finance officials were drawing up options for Khan to seek an IMF bailout of up to $12 billion.
Speaking in Beijing, Chinese Foreign Ministry spokesman Geng Shuang said the IMF has its own standards and operating rules when cooperating with relevant countries.
US' Pompeo warns against IMF bailout for Pakistan that aids China

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