November 13, 2024 11:22 AM
Pakistan’s persistent IMF reliance reflects structural economic struggles
In September, the International Monetary Fund (IMF) agreed to approve another loan to Pakistan. This time, the approved loan was worth US$7 billion, the second-largest IMF loan taken by the country. Why do countries go for IMF loans? The IMF is not a routine lender. It doesn’t provide any projec...