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Approaching an ‘augmented’ IMF programme

What is likely to happen if the country goes into another International Monetary Fund (IMF, or simply the ‘Fund’) programme, which is neoliberal, and pro-cyclical in nature, as both the…

Design flaws in IMF programme

The International Monetary Fund (IMF) programmes are regarded as well designed by other multilaterals (with routine consultation amongst themselves on not only synchronizing their policies but also ensuring that there…

IMF programme targets

A typical IMF (International Monetary Fund) programme, including a Stand-by Facility, has a set of quantitative performance criteria, indicative targets and structural conditionalities. These represent targets in different key areas…

IMF programme has dead-ended?

The uncertainty surrounding the International Monetary Fund (IMF) programme is one single factor that has been haunting the country’s economy and fiscal sustainability for months. It has swung the market…

IMF programme & reforms

Pakistan, one of the major victims of climate change, is fighting alone to manage the damages caused due to catastrophic flooding and unprecedented rains that have affected almost one-third of…

IMF programme and energy crisis

Pakistan has less than US$3 billion in foreign reserves, enough to finance less than three weeks of imports. It owes more than US$9 billion in principal and interest payments in…

A cruel IMF programme

‘The pandemic triggered a dramatic increase in public debt in developing economies, from 54 to 65 per cent of GDP between 2019 and 2021. At least 25 developing economies devote…

IMF programme interregnum

The meetings between the IMF staff and the government’s economic team came to an end in Doha on the 25th of May. The IMF mission leader has issued a statement…

IMF programme: projections, targets

The IMF Staff Review Report on the sixth review of the on-going IMF program was released on the 4th of February following its successful completion and the approval of $1…