Beijing(August 01, 2018): China on Tuesday said that it expects the International Monetary Fund (IMF) to follow its set rule to provide funds to countries.
The Chinese Foreign Ministry Spokesperson Geng Shuang’s comment was in response to US Secretary of State Mike Pompeo’ statement, in which he warned that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders.
“I think the IMF has its own standards and rules when it cooperates with relevant countries. I believe they will handle it properly,” Shuang said.
The Trump administration yesterday cautioned the International Monetary Fund (IMF) against a possible bailout of Pakistan. “Make no mistake, we will be watching what the IMF does,” US Secretary of State Mike Pompeo.
“There’s no rationale for IMF tax dollars – and associated with that, American dollars that are part of the IMF funding – for those to go to bail out Chinese bondholders or China itself,” Pompeo said.
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