Pakistan Nears End of IMF Loan Program, But Bigger Bailout Still Needed to Fix Economic Woes
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Pakistan is nearing completion of a short-term IMF loan program and talks are underway on meeting fiscal targets. Backup revenue measures are being proposed in case of shortfalls.
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The IMF has concerns around exchange rate management, the role of SIFC, and Pakistan's ability to raise financing.
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Analysts are confident Pakistan will meet most IMF goals, even if some concerns remain.
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Successful completion of this IMF program is seen as crucial for Pakistan to secure a larger, longer-term bailout.
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Pakistan's history of poor governance means it will likely need IMF help and discipline for the foreseeable future to fix structural economic issues.