Pakistan's promises to IMF in doubt as protests sap economy


  • World
  • Tuesday, 02 Sep 2014

ISLAMABAD (Reuters) - Anti-government protests that have gripped Islamabad since mid-August could throw off course economic reforms Pakistan promised to deliver in return for an IMF bailout, senior officials said, raising the risk of a sovereign rating downgrade.

The International Monetary Fund (IMF) saved Pakistan from possible default last September by agreeing to lend $6.6 billion (4 billion pounds) over three years, conditional on reforms such as a longstanding pledge to privatise loss-making state companies.

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