Prime min­is­ter warns of ‘painful re­forms’ at sum­mit

The Washington Times Daily - - WORLD -

DUBAI, UNITED ARAB EMI­RATES | Pak­istani Prime Min­is­ter Im­ran Khan said Sun­day his na­tion needed “painful” eco­nomic re­forms to cut back on its mas­sive debt, just af­ter meet­ing the head of the In­ter­na­tional Mone­tary Fund, sig­nal­ing the for­mer crick­eter may be will­ing to slash govern­ment spend­ing for a bailout.

Mr. Khan made the com­ments at the World Govern­ment Sum­mit in Dubai, which also saw Lebanese Prime Min­is­ter Saad Hariri make his own in­vest­ment pitch for his small coun­try, now strug­gling through a ma­jor eco­nomic cri­sis as one of the world’s most-in­debted na­tions.

Mr. Khan made a point in a some­times-ram­bling ad­dress to hit re­peat­edly on the need for eco­nomic re­forms as IMF chief Chris­tine La­garde looked on from the au­di­ence.

Be­fore tak­ing the stage, Mr. Khan met with Ms. La­garde. Pak­istan has been seek­ing an $8 bil­lion bailout from the IMF.

Pak­istan has about $100 bil­lion in ex­ter­nal debts and li­a­bil­i­ties, ac­cord­ing to the State Bank of Pak­istan.

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