The IMF has done it yet again. Pakistan, not being able to gain support from former friends like US, China and not even from their brethren Saudi Arabia, has finally & reluctantly approached the IMF and got a $7+b bailout.
And the IMF as usual has attached its strings to the bailout and imposed all standard conditions to bring inflation down, even at the cost of development faltering. This is not the first or last time IMF has undermined the democracy of the nation it tries to support.
And yet, after all the recession, sub prime, economic meltdown, G-20, developed economies faltering and all that, there is ONE institution which will never mend its ways - the IMF. Isnt it just about time they wake up?
And the IMF as usual has attached its strings to the bailout and imposed all standard conditions to bring inflation down, even at the cost of development faltering. This is not the first or last time IMF has undermined the democracy of the nation it tries to support.
And yet, after all the recession, sub prime, economic meltdown, G-20, developed economies faltering and all that, there is ONE institution which will never mend its ways - the IMF. Isnt it just about time they wake up?
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