Pakistan's Capital Crisis: Implications for U.S. Policy

Abstract

Pakistan -- a key U.S. ally in global efforts to combat Islamist militancy -- is in urgent need of an estimated $4 billion in capital to avoid defaulting on its sovereign debt. The elected government of President Asif Ali Zardari and Prime Minister Yousaf Raza Gillani is seeking short-term financial assistance from a number of sources, including the International Monetary Fund (IMF), China, and an informal group of nations (including the United States) known as the "Friends of Pakistan." The Pakistani government reportedly has reservations about conditions on the assistance, expressing concerns that the conditions may create political and economic problems. The current crisis has placed some strain on U.S.-Pakistan relations. This report will be updated as circumstances warrant.

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Document Details

Document Type
Technical Report
Publication Date
Nov 07, 2008
Accession Number
ADA490062

Entities

People

  • K. A. Kronstadt
  • Michael F. Martin

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Counter WMD
  • Weapons Technologies

DTIC Thesaurus Topics

  • Agreements
  • Arabia
  • Asia
  • Commerce
  • Economic Development
  • Economic Policy
  • European Union
  • Federal Budgets
  • Finance
  • Governments
  • Money
  • Pakistan
  • Saudi Arabia
  • South Asia
  • Taxes
  • United States
  • Urban Areas

Readers

  • Economics
  • Nuclear Non-Proliferation and International Security