On Thursday, the World Bank warned that sovereign guarantees against the $46 billion China-Pakistan Economic Corridor project and an expected increase in spending ahead of elections place Pakistan at substantial fiscal risk (ET). A new World Bank report states: “Sovereign guarantees associated with CPEC could pose substantial fiscal risks over the medium term.” Similar concerns were also expressed by State Bank of Pakistan Governor Ashraf Wathra and former Pakistani Finance Minister Hafiz Pasha.
http://foreignpolicy.com/2016/01/08/india-talks-with-pakistan-only-if-it-takes-action-world-bank-warns-pakistan-of-substantial-fiscal-risk-afghanistan-calls-for-saudi-iranian-resolution/
No comments:
Post a Comment