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International relations

Pompeo warns against IMF bailout for Pakistan that aids China

Pakistan is struggling to avert a currency crisis that has presented the new government with its biggest challenge.   © Reuters

WASHINGTON (Reuters) -- U.S. Secretary of State Mike Pompeo warned on Monday that any potential International Monetary Fund bailout for Pakistan's new government should not provide funds to pay off Chinese lenders.

In an interview with CNBC television, Pompeo said the United States looked forward to engagement with the government of Pakistan's expected new prime minister, Imran Khan, but said there was "no rationale" for a bailout that pays off Chinese loans to Pakistan.

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