The Pakistani leader envisions the foundation of a welfare state. But he has not yet come close to turning the country’s debt crisis around to pay for it.
Tag: Credit and Debt
Ukraine Wins New I.M.F. Support as Tensions Rise With Russia
The International Monetary Fund agreed to a $3.9 billion line of credit for Ukraine, whose economy has struggled with corruption and a conflict with Russia.
One African Nation Put the Brakes on Chinese Debt. But Not for Long.
Sierra Leone canceled a $300 million airport loan. Then its president changed his tone. Across the continent, Beijing’s money often proves irresistible.