The Intelligence from The Economist Don’t spend it all at once: Pakistan and the IMF
May 15, 2019
Pakistan is on its 22nd bailout from the IMF as it grapples with deep economic issues and historical mismanagement. The public's mixed feelings about relying on foreign loans highlight the complexity of its situation. Meanwhile, global meat consumption continues to rise, driven by poorer nations, even as veganism gains momentum in wealthier ones. Finally, the cultural significance of names in France reveals trends of identity and assimilation, showcasing the evolving tapestry of modern society.
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Pakistan's Economic Woes
- Pakistan's economy has faced recurring instability due to unsustainable policies, like maintaining an overvalued exchange rate.
- These policies, coupled with large budget deficits, hurt exports and created economic gaps.
Pakistan and the IMF
- Pakistan has frequently sought IMF loans, with its 22nd loan being the latest.
- The IMF's conditions, while often painful, aim to address unsustainable economic practices.
Alternative Lenders
- Pakistan sought aid from various lenders like Saudi Arabia, the UAE, and China.
- However, these funds were insufficient, leading them back to the IMF.