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Foreign aid is no panacea

EVERY year brings forth a plethora of books on various topics. As far as economics is concerned, one of the interesting releases of 2023 was Didac Queralt’s Pawned States. Analysing…

Foreign aid or export-led growth?

Pakistan’s total public debt rose to Rs36.3 trillion, which is equivalent to 87 per cent of the GDP, by the end of the previous fiscal year, and is anticipated to…

Dirty air, foreign aid, and climate funds

Burning of fossil fuel has had a significant role in exacerbating climate change crisis, the tipping point of which appears to be around four decades ago as the recent monumental…

Foreign aid: a curse?

The economic team of the PTI seems to be engaged in chest-thumping after getting the nod from the IMF for $1 billion to steer the country’s storm-tossed economy towards ‘boom’.…

Scapegoating Foreign Aid

Scapegoating foreign aid

In our Brexity, Trumpist times, you only need to see the words “foreign aid” to understand that such a thing – and also its entire operational philosophy – is in…

Has The Foreign Aid Worked?

Has the foreign aid worked?

The United States should set conditions for aid to Pakistan, US defence secretary Leon Panetta recently said during a Senate budget hearing. By saying this he actually meant revision of…

Demystifying Foreign Aid

Demystifying foreign aid

There is a carefully constructed mythology in development about how key risks that prevent donors from providing money directly to the government are mitigated by using these alternative instruments to…

Demystifying Foreign Aid

Demystifying foreign aid

To have a serious conversation about foreign aid to Pakistan, one doesn’t need to be a rocket scientist. However, a basic appreciation for the subtleties that distinguish different kinds of…

Of Foreign Aid And Self-reliance

Of foreign aid and self-reliance

The friends of democratic Pakistan meeting in Istanbul has been less than friendly. While all the right noises have been made, not a single rupee is on its way. There…