• Wednesday, May 29, 2024

HEADLINE STORY

Imran and the IMF: Pakistan’s bailout dilemma

Imran Khan

By: Sarwar Alam

Once Pakistan’s election winner Imran Khan forms a government, there will be little time to bask in his triumph: the country’s next prime minister will inherit a critical economic situation, and analysts say he must act fast. The new leadership may be forced to seek a bailout from the International Monetary Fund (IMF) in the coming weeks. Here are some questions and answers about Pakistan’s predicament: – What is the problem? – Pakistan is on the verge of a balance-of-payments crisis, which threatens the stability of its currency and its ability to repay debts or pay for imports. Its budget deficit has grown…

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