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Pakistan to Chair Global Borrowers Group Facing ‘Perfect Storm’

Bloomberg Markets Monday 12 October 2026, 13:43 UTC By Matthew Hill 1 min read
Key Points

Pakistan to Chair Global Borrowers Group Facing ‘Perfect Storm’ A newly formed borrowers’ collective of developing countries elected Pakistan to chair it as the group faced what United Nations Secretary-General António Guterres called “a perfect storm.” The Borrowers’ Platform held its first governing council meeting on Monday in Bangkok, bringing together finance ministers and central bank governors from more than 30 developing nations dealing with growing pressures including the fallout...

Pakistan to Chair Global Borrowers Group Facing ‘Perfect Storm’ A newly formed borrowers’ collective of developing countries elected Pakistan to chair it as the group faced what United Nations Secretary-General António Guterres called “a perfect storm.” The Borrowers’ Platform held its first governing council meeting on Monday in Bangkok, bringing together finance ministers and central bank governors from more than 30 developing nations dealing with growing pressures including the fallout from the Iran war.
Pakistan (LOCATION) Chair Global Borrowers Group (ORG) Chair Global Borrowers Group Facing ‘Perfect Storm (ORG) United Nations (ORG) António Guterres (PERSON) Bangkok (LOCATION) the Iran war (EVENT)
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