Default risk soars amid political turmoil, delay in IMF talks

A participant stands near the IMF logo at the International Monetary Fund/World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia. (REUTERS/File)

November 17: DAWN reported the country’s default risk as measured by five-year credit-default swaps (CDS) — insurance contracts that protect an investor against a default — rose sharply overnight amid political turmoil and uncertainty about talks with the International Monetary Fund (IMF). Read more I