Article Type
Article
Description
After the approval of the IMF Board of Pakistan’s request for a 37-month Extended Fund Facility, there were strong voices from the Prime and Finance Ministers that this would be the last program with the IMF. We have heard such pronouncements before, but they have not been translated into action. A broad consensus is emerging that it is in Pakistan’s best interests to exit to regain control over economic decision-making, set its priorities and their phasing, timing and sequencing, and get out of a straitjacket framework of short-term performance criteria. How can we ensure that this rhetoric is turned into a reality? Is this doable? Yes. Is this feasible? It depends on the gumption, courage, and persistence of those at the helm of affairs. However, there are some complicated prerequisites for this strategy to be successful.
Publication Source
Southasia
Publication Date
11-2024
Pages
13-13
Recommended Citation
Hussain I. A Life Without IMF-Pakistan needs to work systematically to enhance its capacity to generate additional net foreign exchange earnings compared to the current levels. Southasia. 2024;28(11):13.
