
Pakistanâs IMF bailout: Good money after bad again?
The International Monetary Fund (IMF) has imposed tough conditions on Pakistan for disbursing instalments of the $7 billion loan that Islamabad negotiated with it under its Extended Fund Facility (EFF). Such IMF credit comes not so much with avuncular indulgence as with tough conditionalities meant to stabilize macro-economic variables. The IMF is also giving Pakistan…