{
  "id": "RS22983",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "RS22983",
  "active": false,
  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 345700,
      "date": "2009-03-06",
      "retrieved": "2016-04-07T02:41:42.066921",
      "title": "Pakistan\u2019s Capital Crisis: Implications for U.S. Policy",
      "summary": "Pakistan, a key U.S. ally in global efforts to combat Islamist militancy, is facing a serious capital crisis. In the autumn of 2008, Pakistan was in urgent need of an estimated $4 billion in capital to avoid defaulting on its sovereign debt. The elected government of President Asif Ali Zardari and Prime Minister Yousaf Raza Gillani sought short-term financial assistance from a number of sources, including the International Monetary Fund (IMF), China, and an informal group of nations (including the United States) known as the \u201cFriends of Pakistan.\u201d \nThe Pakistani government reached an agreement with the IMF for $7.6 billion in loans, but their capital crisis continues. In February 2009, Pakistan requested an additional $4.5 billion in assistance from the IMF and Prime Minister Gillani traveled to Beijing seeking financial support. According to a recent study by the Atlantic Council, Pakistan needs $4 billion - $5 billion in the next 6 to 12 months to avoid another possible default.\nPakistan\u2019s continuing capital crisis is affecting the nation\u2019s overall economic performance and raising concerns about its political stability. During her Asia trip in February 2009, Secretary of State Hillary Clinton made several references to the importance of solving Pakistan\u2019s economic problems in the continued campaign to combat Islamic militants in the region. The Atlantic Council has called for an increase in U.S. assistance \u201cto avert an economic meltdown.\u201d The severity of Pakistan\u2019s economic situation has also been raised by several members of Congress.\nSeveral different research groups have recently issued reports on the situation in Pakistan that contain recommendations on what the United States could do to help alleviate Pakistan\u2019s economic problems. There are indications that Congress may consider some of these recommended actions, including an increase in U.S. non-military assistance and the creation of \u201creconstruction opportunity zones\u201d in Pakistan. \nThis report will be updated as circumstances warrant.",
      "type": "CRS Report",
      "typeId": "REPORTS",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs10820/",
      "id": "RS22983_2008Nov21",
      "date": "2008-11-21",
      "retrieved": "2008-12-11T20:32:51",
      "title": "Pakistan's Capital Crisis: Implications for U.S. Policy",
      "summary": "Pakistan - a key U.S. ally in global efforts to combat Islamist militancy - is in urgent need of an estimated $4 billion in capital to avoid defaulting on its sovereign debt. The Pakistani government is seeking short-term financial assistance from a number of sources, including the International Monetary Fund (IMF), China, and an informal group of nations (including the United States) known as the \"Friends of Pakistan.\" The current crisis has placed some strain on U.S.-Pakistan relations.",
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
      "formats": [
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          "format": "PDF",
          "filename": "files/20081121_RS22983_25fe8c4110739c3cffcfa88a0290e917b7a49b22.pdf"
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          "format": "HTML",
          "filename": "files/20081121_RS22983_25fe8c4110739c3cffcfa88a0290e917b7a49b22.html"
        }
      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Foreign policy",
          "name": "Foreign policy"
        },
        {
          "source": "LIV",
          "id": "Foreign relations - U.S. - Pakistan",
          "name": "Foreign relations - U.S. - Pakistan"
        },
        {
          "source": "LIV",
          "id": "Foreign relations - Pakistan - U.S.",
          "name": "Foreign relations - Pakistan - U.S."
        },
        {
          "source": "LIV",
          "id": "International monetary system",
          "name": "International monetary system"
        },
        {
          "source": "LIV",
          "id": "International finance",
          "name": "International finance"
        },
        {
          "source": "LIV",
          "id": "Financial crises",
          "name": "Financial crises"
        },
        {
          "source": "LIV",
          "id": "American economic assistance - Pakistan",
          "name": "American economic assistance - Pakistan"
        },
        {
          "source": "LIV",
          "id": "Foreign aid",
          "name": "Foreign aid"
        }
      ]
    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs10819/",
      "id": "RS22983_2008Nov07",
      "date": "2008-11-07",
      "retrieved": "2008-12-11T20:32:50",
      "title": "Pakistan's Capital Crisis: Implications for U.S. Policy",
      "summary": "Pakistan - a key U.S. ally in global efforts to combat Islamist militancy - is in urgent need of an estimated $4 billion in capital to avoid defaulting on its sovereign debt. The elected government of President Asif Ali Zardari and Prime Minister Yousaf Raza Gillani is seeking short-term financial assistance from a number of sources,\r\nincluding the International Monetary Fund (IMF), China, and an informal group of nations (including the United States) known as the \"Friends of Pakistan.\" The current crisis has placed some strain on U.S.-Pakistan relations.",
      "type": "CRS Report",
      "typeId": "REPORT",
      "active": false,
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          "format": "HTML",
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      ],
      "topics": [
        {
          "source": "LIV",
          "id": "Foreign policy",
          "name": "Foreign policy"
        },
        {
          "source": "LIV",
          "id": "Foreign relations - U.S. - Pakistan",
          "name": "Foreign relations - U.S. - Pakistan"
        },
        {
          "source": "LIV",
          "id": "Foreign relations - Pakistan - U.S.",
          "name": "Foreign relations - Pakistan - U.S."
        },
        {
          "source": "LIV",
          "id": "International finance",
          "name": "International finance"
        },
        {
          "source": "LIV",
          "id": "International monetary system",
          "name": "International monetary system"
        },
        {
          "source": "LIV",
          "id": "Foreign loans - Pakistan",
          "name": "Foreign loans - Pakistan"
        },
        {
          "source": "LIV",
          "id": "American economic assistance - Pakistan",
          "name": "American economic assistance - Pakistan"
        },
        {
          "source": "LIV",
          "id": "Foreign economic relations - U.S. - Pakistan",
          "name": "Foreign economic relations - U.S. - Pakistan"
        },
        {
          "source": "LIV",
          "id": "Foreign economic relations - Pakistan - U.S.",
          "name": "Foreign economic relations - Pakistan - U.S."
        },
        {
          "source": "LIV",
          "id": "Foreign aid",
          "name": "Foreign aid"
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  "topics": []
}