Controlling inflation and financing deficits — I
In April 2020, Intern-ational Monetary Fund (IMF) managing director (MD) had reportedly called the Covid pandemic a ‘crisis like no other’, and a Guardian article ‘We are living through the…
Infeasible financing of budget deficit
The last two articles by the author of this article in Business Recorder were on 'bloated revenue projections' and 'understated expenditure projections', with regard to the outcome in 2016-17 and the Federal…
Neoliberalism, IMF’s exceptional financing & recidivist behaviour of programme countries—I
Traditionally, Pakistan has been infamously called a ‘one-tranche’ country, which although is correct in the context that it has left International Monetary Fund (IMF) programmes after receiving a few initial…
Challenging gross financing requirements
Pakistan is about to enter into an Extended Fund Facility (EFF) programme with the International Monetary Fund (IMF). A July 12 press release from IMF indicated that ‘The Pakistani authorities…
Big financing risks
The IMF Staff Mission has left Pakistan after a series of meetings on the next Fund Programme in the form of an Extended Fund Facility (EFF) for the next three…
Pakistan’s intractable budget deficit?
Pakistan’s unsustainable budget deficits can be sourced to the never to be satisfied thirst of all administrations, past and present - civilian, military, hybrid, caretaker - to borrow to fund…
Low inflows of external financing
The first quarterly review of the IMF (International Monetary Fund) Stand-by Facility has been successfully accomplished by the Government. The efforts of the caretaker Government to adhere to the agreed…
Gross financing, and medium-term economic strategy
International Monetary Fund (IMF) Country Report No. 22/288, released in September 2022 – the last such report released, since there have been no successful programme reviews completed since then, given…
Infrastructure financing in Pakistan
Infrastructure development is critical for sustainable growth and development and enhanced productivity and competitiveness. Pakistan has made significant progress in structuring and implementing infrastructure projects, but there are still deficits…
Reducing C/A deficit
The rupee has taken a real beating last week, falling by 8 percent with respect to the dollar. There are both structural and short-term reasons for this precipitate fall. The…
