Pompeo said US won’t oppose IMF’s bailout package for Pakistan, says Information Minister

Posted In: News Date:Sep 13th, 2018

The remarks, which Chaudhry said Pompeo made during his visit to Pakistan on Wednesday, come in stark contrast to Pompeo’s warnings in July that the United States had serious reservations about the IMF giving money to Pakistan due to concerns Islamabad would use the cash to pay off Chinese loans.

Those comments rattled Islamabad, which is facing a currency crisis and may have no option but to turn again to the IMF for a rescue if staunch allies China and Saudi Arabia do not offer more loans to prop up its foreign currency reserves.

Chaudhry told Reuters that relations between the United States and Pakistan were “broken” before Pompeo’s trip to Islamabad but the visit had “set many things straight” and reinvigorated ties.


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