

Don’t spend it all at once: Pakistan and the IMF
May 15, 2019
Joel Budd, social policy editor at The Economist, dives into Pakistan's recent economic crisis and its 22nd bailout from the IMF. He discusses the socio-political implications of the bailout amid public discontent. The conversation shifts to global meat consumption trends, highlighting an increase in demand even as vegetarianism gains traction. Budd also explores cultural insights derived from French naming conventions, revealing social changes that numbers alone can’t illustrate. It’s a fascinating juxtaposition of economy, diet, and identity.
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Pakistan's IMF Reliance
- Pakistan's reliance on IMF bailouts reflects unsustainable economic policies and a cycle of debt.
- The IMF's intervention, while necessary, often leads to unpopular austerity measures.
Economic Team Shake-Up
- Prime Minister Imran Khan replaced his economic team amidst criticism.
- The new central bank head, a former IMF official, sparked controversy in Pakistan.
IMF Leniency
- The IMF's leniency towards Pakistan, due to geopolitical concerns, might disincentivize fiscal discipline.
- This dynamic creates a political game between the IMF and Pakistan.