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Politics

US lawmakers balk at Pakistan rescue, fearing money going to China

IMF bailout would be used to repay debts to Beijing, congressmen say

Experts say the government of Prime Minister Imran Khan of Pakistan needs to manage the Chinese "debt trap" issue in order to avoid future economic problems. (Nikkei Montage)

QUETTA, Pakistan -- Pakistan could face renewed hurdles in receiving a bailout package from the International Monetary Fund after three members of the U.S. Congress voiced their disapproval, saying the loans would be used to repay debts to China.

The trio wrote a letter, dated April 5, to U.S. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin to oppose a bailout for Pakistan. The development comes as a Pakistani delegation is visiting Washington to negotiate a deal with the international lending agency.

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