Pakistan afhankelijk van buitenlandse leningen
February 6, 2019 -- China, Saudi-Arabië en de Verenigde Arabische Emiraten geven miljarden dollars financiële steun aan Pakistan nu het land als snelste in heel Azië door zijn reserves aan buitenlandse valuta heen raakt. De Saudische kroonprins Mohammed bin Salman zal van 14 tot 18 februari Pakistan bezoeken.
Since the election of Prime Minister Imran Khan in July, the State Bank of Pakistan has received some $13.5 billion in loans or pledges from its allies. Premier Khan has been reluctant to ask the International Monetary Fund (IMF) for help again -- in 2013 Islamabad was loaned $6.7 billion by the IMF. However, the IMF has confirmed that Pakistan has asked for an emergency bailout of $8 billion to cover sovereign debt payments.
Both Fitch Ratings and Standard & Poor’s -- two of the three major global rating agencies -- have downgraded Pakistan’s long-term debt rating to “B-Negative.” The downgrade indicates a higher credit risk; therefore, it is likely to push up interest rates required from government and corporate bodies when they go to the international markets to raise borrowing.