You are here: Home » International » News » Politics
Business Standard

'Make no mistake', US cautions IMF against possible bailout of Pakistan

The IMF has said that so far it has not received any such request from Pakistan

International Monetary Fund  |  Mike Pompeo  |  Trump Administration

Press Trust of India  |  Washington 

Mike Pompeo
US Secretary of State Mike Pompeo | Photo: Wikipedia

The on Tuesday cautioned the Monetary Fund (IMF) against a possible bailout of

Make no mistake, we will be watching what the does, US Secretary of State told CNBC in an interview.

He was responding to a question on reports that is drawing up a plan to seek a massive $12 billion bailout package from the

There's no rationale for tax dollars and associated with that, American dollars that are part of the IMF funding for those to go to bail out Chinese bondholders or China itself, Pompeo said.

The IMF has said that so far it has not received any such request from

Pakistan needs about $3 billion in the next few months to avoid defaulting of loans from IMF, China and the

Pompeo said he is looking forward to working with the new government of Pakistan.

There's new leadership in Pakistan, and we welcome engagement with them in a way that we think will benefit each of our two countries, Pompeo said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, July 31 2018. 09:10 IST