Foreign debt will be Pakistan’s economic touchstone in 2024

    Research output: Contribution to specialist publicationGeneral Articlepeer-review

    Abstract

    After the February 2024 elections, Pakistan's newly elected government will face the crucial task of rescheduling its foreign debt payments amidst failing export earnings. With its current outstanding foreign debt estimated at US$124.5 billion or 42 per cent of GDP, it will need to negotiate with numerous stakeholders including multilateral institutions, banks and foreign financial organisations. Pakistan could potentially look to China for concessions, in light of their contribution to the debt through their Belt and Road Initiative.
    Original languageEnglish
    Specialist publicationEast Asia Forum
    DOIs
    Publication statusPublished - 5 Mar 2024

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