Author: none@none.com (Sakib Sherani)

The International Monetary Fund (IMF) has a long history of providing flawed advice to developing countries, with detrimental effects on their long-term economic interests. Despite its mandate to help countries in financial distress, the IMF has often prioritized the interests of its larger shareholders over the well-being of smaller sovereign borrowers. Pakistan’s recent experience with the IMF highlights many of the Fund’s failures, from bad lending practices and program design to high-cost commercial borrowing. The IMF’s insistence on punitive measures and unsustainable debt levels has pushed countries like Pakistan into deeper financial crises. The IMF’s lending policies have been self-defeating…