Sorry IMF Pakistan not coming for money.

[Abdussamad]

The other thread says we've submitted the china loan plan to the IMF to get their views on it while this thread claims we are not going to IMF! Of course we are going to the IMF. The way the world economy is structured you have to pay for imports in dollars. We've taken many loans in dollars to pay for past imports, including expensive weapons for the army, as well as various development projects in Pakistan. We now have to repay that money as well as finance our continuing imports and the only way to get dollars for all that is to go to the west's financial institutes the IMF, WB and ADB. This is how the global financial system works. It is why colonial occupation is no longer required. As long as we use their currency we are at their mercy. So no there is no getting away from the west.

Even though China holds vast amounts of dollars in its forex reserves the west can do one better. The Americans can print all the dollars they like and the Europeans can print Euros and so on. No amount of forex reserves can match that ability. Besides China has domestic concerns that require its attention. Its own people are against BRI spending! It's in a trade war with the Americans.

 

[nahtanbob]

LOL @SunilM and other Indians.



IMF loans are essentially American/Western approved loans.

It is better for Pakistan to avoid American/Western loans or it will remain hostage to blackmail. I.e. do more propaganda.

Initially, even if Pakistan under Imran Khan had to take the IMF route it wouldn't be a major issue in normal circumstances, but if we want to send out a clear statement it is better to avoid US/Western loans and monetary help. The IMF/WB would love to give Imran's government loans and portray an image that he is reliant on their assistance to fix the economy. It puts their narrative in a position of strength.

The Western media has created this narrative even before IK has been sworne in to create pressure. One of the narratives is that Imran's government will be forced to go for IMF loans and hence remain dependent on the US/West. It is not so much about taking loans as it is about projecting influence and reliance. The West likes to portray itself in the driving seat. They are not in the driving seat. They are on the backfoot and their propaganda against Imran Khan is clear as daylight. The West has proved by its malignant propaganda that it is not a supporter of IK or change in Pakistan. The West prefers and supports the status quo who they can easily bribe and influence without shedding a drop of sweat. IK isn't the status quo. He will look them dead straight in the eye and negotiate on equal terms. Imran Khan isn't corrupt and has a clean slate.

A big NO to IMF loans. They are politically motivated.

do you think chinese loans are not going to be politically motivated ?

chinese have $3 trillion in FOREX. giving you $10 billion shouldn't be a big deal.
you can always barter away Gwadar for 99 years like the sri lankans did