By ANI
From the article:
As newly elected government in Pakistanheaded by Prime Minister Imran Khan is willing to pursue an International Monetary Fund (IMF) bailout, a group of United States Senators have asserted that Islamabad is at risk of debt distress due to rising current-account deficit and external debt obligations caused by the China Pakistan Economic Corridor (CPEC).
David A Perdue, Patrick Leahy and 14 other U.S. senators have written to Secretary of State Michael R. Pompeo and Secretary of Treasury Steven T. Mnuchin while expressing concern over bailout request by countries that fall in China's debt trap.
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The Centre for Global Development has estimated that of the 68 countries currently hosting BRI-funded projects, 23 countries are at risk of debt distress, and in eight of those countries, future BRI-related financing raises serious concerns about sovereign debt sustainability.
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