Posted 3/22/2024, 2:31:43 AM
Pakistan Seeks Another Contentious IMF Bailout Despite Repeated Past Failures
- Pakistan's leaders and the IMF have failed to learn from 23 unsuccessful loan programs that haven't achieved reforms
- IMF programs focus on short-term stabilization over needed reforms, hurting ordinary Pakistanis
- The rich avoid paying taxes while the poor bear the burden of harsh fiscal adjustments
- Poverty and inflation are rising, even for middle-income households
- With Pakistan seeking a new IMF bailout using the same approach, hopes for real reform seem doubtful
