'Raging fire': Pakistan debt unsustainable, headed towards inevitable default, report warns

As per a new report, Pakistan's per capita debt increased by 36% from $823 in 2011 to $1,122 in 2023. Pakistan's debt situation is dire, worse than the IMF's assessment. Stock market impact and economic pessimism highlight the urgency for a new IMF bailout. Debt levels, unsustainable borrowing, and climate vulnerability call for innovative solutions like debt-for-nature swaps. Transformative change and comprehensive reforms are needed to avert an economic disaster.

from Times of India https://ift.tt/b1sg5Xk