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US to evaluate Pak's bailout request on merit

Press Trust of India  |  Washington 

The US will evaluate on merit a package sought by from the International Monetary Fund, the State Department said Thursday.

"We understand that has formally requested assistance from the IMF. As we do in all cases, we will examine closely all aspects, including Pakistan's debt position, in evaluating any loan program," a State Department told

The was responding to a question on the request made by for a USD 8 package. The spokesperson's comments came on a day when Pakistan's met with IMF in Nusa Dua, and formally sought a from the global lender.

The US has the greatest influence in the IMF's decision-making process.

In July, had indicated that the US will review the bailout package in view of the massive Chinese debt on Pakistan.

"Make no mistake. We will be watching what the IMF does," Pompeo said.

"There's no rationale for IMF 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 itself," Pompeo had told CNBC.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 21:30 IST