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The IMF Bias: Signals from Pakistan*
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Aug 11th 2023, C.P. Chandrasekhar
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On
July 14 this year, the shaky government of a debt-stressed
Pakistan, won itself a surprising reprieve. The country
had experienced a collapse in foreign reserves to less
than one month worth of imports and was on the verge
of defaulting on its external debt of more than $120
billion.
*
This article was originally published in the Frontline
on August 10, 2023.
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