IMF Expresses Concern Over Pakistan's Debt Repayment Abilities
As Pakistan seeks a new bailout, the IMF highlights substantial repayment risks amid economic instability.
- The IMF reports significant doubts about Pakistan's ability to repay its debts, citing high public debt and financing needs.
- Pakistan's economic recovery is crucially dependent on strong policy implementation and securing external financing.
- The country is seeking substantial external financing, estimating a need for $123 billion over the next five years.
- IMF support team in Islamabad to discuss terms for a potential new bailout package.
- Pakistan aims to roll over $12 billion in debt with key allies to manage a $23 billion financing gap.