Macro Finance
Pakistan to Chair Global Borrowers Group Facing ‘Perfect Storm’
Bloomberg Markets·October 12, 2026·1 min read
A newly formed borrowers' collective of developing countries elected Pakistan to chair it, as the group faced what UN Secretary-General António Guterres called "a perfect storm." The collective aims to address the financial challenges confronting developing nations, with Pakistan taking a leadership role amid mounting debt and economic pressures.
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