Meeting IMF Demands: The Gamble for Pakistan’s Economy and Politics
Politics tamfitronics As the country navigates through one of its most difficult economic periods, Pakistan finds itself, once again, in negotiations with the International Monetary Fund (IMF). The last agreement was a Stand-by Arrangement (SBA), which was approved in July. The approval of SBA was a critical point in time for the economic stability of Pakistan.Recent commentsof Prime Minister Shehbaz Sharif underline the pressure on the government to meet theconditions of the IMF.The relationship of Pakistan and the IMF has been marked by a number of financial interventions. The aim of these financial interventions has mostly been to stabilize the economy of the country amongrecurring financial crises.If we take a look at the transactional history, the two institutions have engaged in financial support over a number of times, and all agreements having their own set...
