Exchange stabilization facility

Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

  • Islamabad seeks Bilateral Exchange Stabilization Support Facility between both governments with maturity of up to five years
  • If approved, facility will bolster Pakistan’s reserves, ease pressure on its currency and reduce reliance on multilateral financing
By Reuters ·