Advancing uncertainty

Khurram Husain - Dawn - 28/02
Who can say with total confidence that the IMF and its affiliated institutions will even exist after five years?

THE scale is now awe-inspiring. The speed with which the world is changing is overtaking many analytical abilities.

A single warning now needs to be played on repeat until it seeps into the minds of Pakistan’s power elites: the world you relied on to underwrite your dysfunctions and bailouts is now ending, and it is ending very fast indeed.

Who among us can say with total confidence that the IMF and its affiliated institutions such as the World Bank will even exist after five years? These are the institutions, along with the larger group of multilateral bodies and concessional trade regimes that have kept Pakistan afloat for the better part of the last 50 years.

Without them, Pakistan will not be able to pay the bills for its overdevelo...
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