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U.S. Warns Against IMF Bailing Out Pakistan's Loans From China

U.S. Secretary of State Mike Pompeo has warned against providing an International Monetary Fund bailout for Pakistan's new government that includes funding to pay off Chinese lenders.In an interview with CNBC television on July 30, Pompeo said the United States looked forward to engagement with the government of Pakistan's expected new prime minister, Imran Khan, but said there is "no rationale" for a bailout that pays off Chinese loans to 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 China itself," Pompeo said.

 

 

 

 

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