The US seems to have serious reservations over the IMF providing a bailout to Pakistan and global tenders for the purpose.
The US is seeking conditionality in the global tender as well as the IMF reaching accord on the multi-billion dollar bailout package with cash-strapped Pakistan. “Conditionality” is in the new financial aid from the global lender.
Last month, Pakistan had reached an agreement with the Washington-headquartered IMF for a 6 billion dollars package to shore up its finances immediately and strengthen a slowing economy. It is trying to overcome a soaring balance-of-payments crisis.
The US has serious reservations over lenders like the IMF providing a bailout to pay off Chinese debts. 'There is a discussion about the conditionality what we think would be appropriate for an IMF package to Pakistan,' a Senior State Department official, Alice G Wells, said.