Pakistan Debt Moratorium Inevitable Without IMF Funds, BofA Says

Crisis-hit Pakistan will need to pause debt repayments if it isn’t able to secure funding from the International Monetary Fund quickly enough, according to Bank of America. “Unless the payout comes through soon, a state of moratorium looks unavoidable” economists including Kathleen Oh wrote in a note Friday. “Whether and when Pakistan can receive the next installment from the IMF is still up in the air.” Read full article https://www.bloomberg.com/news/articles/2023-03-13/pakistan-debt-moratorium-inevitable-without-imf-funds-bofa-says#xj4y7vzkg