111 510 510 libonline@riphah.edu.pk Contact

Floods, debt, and SDRs

Pakistan is facing unprecedented floods of a profoundly catastrophic nature. While 3 million livestock have died in the flood-hit areas, the other mainstay of peoples’ livelihood in the shape of…

SDRs: Allocation, reallocation, and fiscal usage

Writing in the wake of the Global Financial Crisis (GFC) in 2009 in a Project Syndicate published article ‘The new IMF’, the then executive director of the International Monetary Fund…

Planning a non-austerity, pro-growth IMF programme

In its April 2023 flagship World Economic Outlook (WEO) report, the International Monetary Fund (IMF) pointed out that economic growth enables countries in a better way to service debt repayments,…

Debt, inequality and austerity

‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…

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…