Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF

[Kingdom come]

An assessment from the International Monetary Fund (IMF) has said that Pakistan's economic challenges were complex and multifaceted and risks were exceptionally high, The Dawn reported. Pakistan's economy is expected to be in flux for the next two to three years at least and faces significant risks, it said.

The IMF has projected an increase in Pakistan’s external debt to reach $130.850 billion in 2023-24 up from $123.574 billion in 2022-23. Pakistan's Finance Minister Ishaq Dar

 

[MajesticPug]

Pakistan debt problem is a Western-made bomb intended for China. Pakistan leadership under coercion from the Western banks that include IMF painted a rosy picture for the Pak citizens, borrowed money in US currency and perhaps made sovereign concessions to get these loans. These politicians of course got to keep a portion in their pockets. When these loans could not be serviced, blame it on China to coerce China to save its iron-clad brother. (BTW, when did a IMF loan come out fruitful for a 3rd-world country?) To the average Pak citizens, China NEEDS to save its brother. But China is probably grumbling: Told you not to bite the IMF bait. You didn't listen and now I have to come in to clean up?

Whether China decides to extend helps to Pakistan, China loses, Pakistan people lose. Pak officials got to move to Texas to play golf. The West wins.

 

[epebble]

Pakistan debt problem is a Western-made bomb intended for China. Pakistan leadership under coercion from the Western banks that include IMF painted a rosy picture for the Pak citizens, borrowed money in US currency and perhaps made sovereign concessions to get these loans. These politicians of course got to keep a portion in their pockets. When these loans could not be serviced, blame it on China to coerce China to save its iron-clad brother. (BTW, when did a IMF loan come out fruitful for a 3rd-world country?) To the average Pak citizens, China NEEDS to save its brother. But China is probably grumbling: Told you not to bite the IMF bait. You didn't listen and now I have to come in to clean up?

Whether China decides to extend helps to Pakistan, China loses, Pakistan people lose. Pak officials got to move to Texas to play golf. The West wins.

Pakistan has been borrowing from IMF since 1958. If IMF is a "Western made bomb", it is a really bad bomb with very long fuse intended to blowup in 2024 or later. Only a genius can invent a bomb that will blow after 66 years.

Pakistan has borrowed 21 times from IMF since Dec 8, 1958

LAHORE: As Pakistani Premier, Imran Khan, finally succeeds in securing a $3 billion loan from Saudi Arabia and a matching amount of one-year deferred payment facility for the import of oil for his...

www.thenews.com.pk

 

[SecularNationalist]

The establishment is benefiting great these days they don't care

 

[fitpOsitive]

An assessment from the International Monetary Fund (IMF) has said that Pakistan's economic challenges were complex and multifaceted and risks were exceptionally high, The Dawn reported. Pakistan's economy is expected to be in flux for the next two to three years at least and faces significant risks, it said.

The IMF has projected an increase in Pakistan’s external debt to reach $130.850 billion in 2023-24 up from $123.574 billion in 2022-23. Pakistan's Finance Minister Ishaq Dar

Economy is just a symptom. The real disease is establishment.

 

[MajesticPug]

Pakistan has been borrowing from IMF since 1958. If IMF is a "Western made bomb", it is a really bad bomb with very long fuse intended to blowup in 2024 or later. Only a genius can invent a bomb that will blow after 66 years.

Pakistan has borrowed 21 times from IMF since Dec 8, 1958

LAHORE: As Pakistani Premier, Imran Khan, finally succeeds in securing a $3 billion loan from Saudi Arabia and a matching amount of one-year deferred payment facility for the import of oil for his...

www.thenews.com.pk

Haha.. it was not then, at least not intended for China. But now it is. Yellen and some US officials' narratives have changed to almost blaming China for many 3rd-world countries' debt problem.

 

[Dalit]

But but, Hindutva supporters of PDM are always jubilant that Pakistan is saved after Imran Khan's ouster...

 

[Kingdom come]

Economy is just a symptom. The real disease is establishment.

No something else

 

[nahtanbob]

Pakistan debt problem is a Western-made bomb intended for China. Pakistan leadership under coercion from the Western banks that include IMF painted a rosy picture for the Pak citizens, borrowed money in US currency and perhaps made sovereign concessions to get these loans. These politicians of course got to keep a portion in their pockets. When these loans could not be serviced, blame it on China to coerce China to save its iron-clad brother. (BTW, when did a IMF loan come out fruitful for a 3rd-world country?) To the average Pak citizens, China NEEDS to save its brother. But China is probably grumbling: Told you not to bite the IMF bait. You didn't listen and now I have to come in to clean up?

Whether China decides to extend helps to Pakistan, China loses, Pakistan people lose. Pak officials got to move to Texas to play golf. The West wins.

It is easy to throw allegations without any evidence. China is the only country that forces developing countries into 99 year leases of key infrastructure for non-payment of loans. They bribe the corrupt politicians into loans that do not work. India, Thailand, Indonesia, South Korea have borrowed money from IMF and done well.

Exactly what stops China with $3 trillion FOREX reserves from extending a measly $3 billion loan to Pakistan to prevent Pakistan from going to the IMF