No IMF money to Pakistan to repay Chinese debt: US
No IMF money to Pakistan to repay Chinese debt: US Pakistan is seeking $8 billion from the IMF to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country's economy A recent meeting between the IMF and Pakistan ended in a stalemate WASHINGTON : The Trump administration is making all efforts to ensure that any IMF loan to Pakistan is not used to repay its Chinese debt, a US official told lawmakers on Wednesday. Pakistan is seeking $8 billion from the International Monetary Fund (IMF) to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country's economy. A recent meeting between the IMF and Pakistan ended in a stalemate. The US feels that the huge Chinese debt was responsible for the economic challenges in Pakistan. We are working and making clear within the IMF that if it were going to supply any funding to Pakistan that it would not be us...
