The form and design of IMF programmes
For most of the IMF programmes since 1988, a coupling of short-term programme (Stand-by SBA) with a medium-term programme (Extended Fund Facility (EFF), variously named) has been the norm. The…
Struggling to get IMF’s booster shot
The IMF (International Monetary Fund) is a multilateral lender with a membership of over 195 countries, from advanced economies to the bottom of the economic ladder. It was created to…
IMF policy needs a serious rethink
The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy came in the inability of austerity policy to neither allow eurozone area to reach needed…
Social dimensions and IMF deals
Political economists believe that economic growth is important, but it alone cannot help reduce poverty and inequality, marring prosperity, unless the right choices and unbiased selection of priorities are made…
IMF’s questionable approach to govts
Minister of State for Finance and Revenue, Dr Aisha Ghaus Pasha, while addressing an event at the Lahore Chamber of Commerce and Industry this week, made some honest disclosures, notably: “We…
IMF’s macroeconomic projections for FY23
The IMF staff report on the seventh and eighth reviews of the EFF with Pakistan contains a detailed set of macroeconomic projections of the economy of Pakistan for 2022-23, and…
Floods continue to be ignored by IMF
Finance Minister Miftah Ismail has repeatedly claimed that the harsh conditions agreed on behalf of the hapless people of this country in the sixth/seventh review documents uploaded by the International…
Loans from the IMF
Although I am currently in Canada, I am not unaware of the ongoing situation in Pakistan and the South Asian region. The economic crisis in Sri Lanka is becoming worse…
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…
Budget FY23 and IMF’s programme
“Among the most difficult problems faced by developing countries is that of balancing a budget that is swollen by the cost of development. This problem is enhanced both by the…
