TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Security Forces Seize Arms, Ammunition in Multi-District Manipur Raids

    Security Forces Seize Arms, Ammunition in Multi-District Manipur Raids

    India Sends Food Aid to 5,000 Afghan Refugee Families in Kabul

    India Sends Food Aid to 5,000 Afghan Refugee Families in Kabul

    ‘Leftist Termites Hollowing Out the World’: Abhijit Jog’s Book Sparks Ideological Debate

    ‘Leftist Termites Hollowing Out the World’: Abhijit Jog’s Book Sparks Ideological Debate

    The Rise of India - Unscripted, Unstoppable, Unbowed

    The Rise of India – Unscripted, Unstoppable, Unbowed

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Trading Signals Explained: A Comprehensive Guide

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    European Union

    European Union : The Colonial Karma Strikes Back

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    UNSC

    UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

    Credit: ANI

    India Japan Defence Meet: Pahalgam Attack Sparks Renewed Solidarity

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    Which Casino Game Actually Fits You?

    Which Casino Game Actually Fits You?

    The Thrill of Competition: Why We Love High-Stakes Moments in the Online Casino Malaysia

    The Thrill of Competition: Why We Love High-Stakes Moments in the Online Casino Malaysia

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Security Forces Seize Arms, Ammunition in Multi-District Manipur Raids

    Security Forces Seize Arms, Ammunition in Multi-District Manipur Raids

    India Sends Food Aid to 5,000 Afghan Refugee Families in Kabul

    India Sends Food Aid to 5,000 Afghan Refugee Families in Kabul

    ‘Leftist Termites Hollowing Out the World’: Abhijit Jog’s Book Sparks Ideological Debate

    ‘Leftist Termites Hollowing Out the World’: Abhijit Jog’s Book Sparks Ideological Debate

    The Rise of India - Unscripted, Unstoppable, Unbowed

    The Rise of India – Unscripted, Unstoppable, Unbowed

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Designing For Impact: Create Exceptional Small Businesses Marketing Materials

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Things You Need to Consider Before Choosing an L&T Finance Two-wheeler Loan

    Crypto Trading Signals Explained: A Comprehensive Guide

    Crypto Trading Signals Explained: A Comprehensive Guide

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Why the PMO Must Take the Cockpit of India’s Jet Program?

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    The Demand of ‘de-escalation’ Is a Shield for Terror, Not a Call for Peace

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    European Union

    European Union : The Colonial Karma Strikes Back

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

    UNSC

    UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

    Credit: ANI

    India Japan Defence Meet: Pahalgam Attack Sparks Renewed Solidarity

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    The Future of Online Gaming and Gambling in India Hinges on Supreme Court Ruling

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    Erectile Dysfunction: Separating Fact from Fiction Before You See That Sexologist Doctor in Bangalore

    Which Casino Game Actually Fits You?

    Which Casino Game Actually Fits You?

    The Thrill of Competition: Why We Love High-Stakes Moments in the Online Casino Malaysia

    The Thrill of Competition: Why We Love High-Stakes Moments in the Online Casino Malaysia

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

An IMF bailout will only make matters worse for Pakistan

Shubham Singh by Shubham Singh
9 December 2018
in Geopolitics, South Asia
IMF, bailout, pakistan

PC: mehrnews.com

Share on FacebookShare on X

Pakistan Prime Minister, Imran Khan, in his recent interview to Washington Post sounded squeamish on the IMF bailout question. He said that he is exploring other ways as well. With respect to IMF package, Imran Khan said, “We do not want to have conditions imposed on us which would cause more unemployment and inflation.” He further said, “Some of the IMF conditions are likely to harm the common man — that’s what I’m worried about.”

Imran’s skepticism with respect to the IMF bailout is well grounded. IMF bailouts are recipe for disaster. There is no free lunch in this world.  IMF programs are comprised of three components: financing packages, structural reforms and macroeconomic policies. Every IMF bailout comes with a conditionality framework and among other economic-administrative reforms; the framework demands austerity measures which has been a point of contention for many countries which had received the package. It has been seen that tough austerity package further exacerbate the conditions of recipient countries instead of improving them. In 2012, the Governor of the Malaysian Central Bank, Zeti Akhtar Aziz, said, “The adjustment, the austerity and consolidation of the fiscal position has to be done gradually because any drastic prescription or conditionalities would drive the country into a new phase of economic recession and this would increase the cost to the economy and make recovery potentially more remote.”

RelatedPosts

Haryana travel blogger arrested for spying for Pakistan

‘Ghar mein ghus kar maarenge’: PM Modi’s Stern Message to Pakistan from Adampur Air Base

India, Pakistan Military Commanders (DGMO) to Hold Key Talks Post-Ceasefire Understanding

Load More

Greece is a perfect example of the havoc that tough austerity measures unleash against the recipient country. On the heels of a global financial crisis, in 2010 EU and IMF decided to help Greece and agreed to bailout the European country. The program required austerity measures to cut the budget deficit which didn’t go well with the Greece populace. It ensued a nationwide violent anti-austerity protests, riots, demonstrations; people also clashed with the police. Mass protests against the measures continued for years. It gave rise to fringe elements during the elections; political stability of the nation suffered a serious setback.

It’s important to note that the weight of the IMF conditionality framework has shaken the foundation of a stable democracy like Greece, so what would be the impact of the conditionality framework on an instable democracy is not very hard to imagine. It is almost impossible for a country like Pakistan which is already under huge debt, and controlled by Pakistan military and non-state actors to make any structural changes in order to fulfill the conditions which comes with IMF bailout package. In last 30 years, Pakistan had 16 IMF programs but its economic condition continues to deteriorate. The Islamic nation has always failed to meet conditions attached to its previous IMF program like cutting spending, and privatizing state owned big co-operations. The chief executive officer of Mitsubishi Corp.’s Pakistan unit said, “Pakistan needs to work on structural problems now so they can avoid another IMF program. It’s just sheer will. The solutions are known including industrialization that has been declining in Pakistan.”

It’s very unlikely that Pakistan will make any deep structural reforms. A large number of businesses in Pakistan are controlled by former employees of Military, and big landlords who control the entire pseudo democratic regime of Pakistan and they would not give up their comforts and would not allow Imran Khan to make any catalyst structural reform. Secondly, the campaign of Imran Khan has been populist in nature with promises like free healthcare and education which goes against the conditionality framework of the IMF. If cricketer turned politician wants to get another IMF program then he must forget to fulfill all populist schemes promised by him during the election campaign. Third, part of the reason that Pakistan found itself in this economically turbulent situation is Chinese debt. It has taken huge loans from China to import the products required for completion of CPEC, these imports were a major reason behind depletion in foreign reserves of the country. United States is opposed to CPEC and therefore it does not want to see IMF money being used for interest of CPEC or China. US is the majority stakeholder in IMF and therefore the global lender must follow its diktat. The US has warned that it does not want to see a single penny of IMF money “go to bail out Chinese bondholders or -China itself.” 

Even if Pakistan gets a bailout package from IMF, this does not mean its financial condition will necessarily improve, because in many cases in Sub-Saharan Africa, bailout packages actually worsened the situation. It has been seen that the IMF bailout has a negative effect on the economic performance of recipient countries be it Latin American or Asian countries.

Tags: IMFImran KhanPakistanUS
Share374TweetSend
Previous Post

Operation All Out pays off, militancy and stone pelting down this year

Next Post

Ruskin Bond appreciates PM Modi’s Swachh Bharat Mission

Related Posts

European Union
Geopolitics

European Union : The Colonial Karma Strikes Back

15 May 2025

The past five years have seen the Global South reclaim its economic sovereignty, a process of "economic decolonization" with...

Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore
Geopolitics

Operation Sindoor still on: India neutralises Pakistan’s Chinese-made HQ9 Air Defence System in Lahore

8 May 2025

The Ministry of Defence has officially shared the information regarding what has been transpiring in past several hours including...

UNSC
Geopolitics

UNSC Rejects Pakistan’s Anti-India Narrative, Demands Accountability for Pahalgam Terror Attack

6 May 2025

In a closed-door meeting of the United Nations Security Council (UNSC) held at Pakistan’s request, Islamabad faced a thumbs...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited