Blaming the IMF
Dr Meekal A Ahmed Apportioning all our economic ills to the IMF is the usual IMF-bashing that we enjoy. First, it is claimed that the IMF programme has increased poverty. I would have thought that it was Pakistan’s recent nightmarish experience with galloping inflation when the headline rate of inflation peaked at a staggering 25 per cent per annum that pushed millions into poverty. The IMF programme has helped bring inflation down in Pakistan, not push it up, thereby helping people climb back out of poverty as prices stabilise and start to come down. Secondly, it is argued that high … Continue reading Blaming the IMF
