Pakistan Turns to Panda Bonds: How These Chinese Yuan-Denominated Bonds Could Boost the Country’s Finances
14 Jan 2025
Cash-strapped Pakistan, heavily reliant on loans from the International Monetary Fund (IMF) for months, is exploring a new bond scheme to raise funds. The country plans to issue Chinese currency yuan-denominated Panda bonds in 2024 to bolster its finances. Pakistan's Finance Minister Muhammad Aurangzeb stated that the government intends to...
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