Pakistani Government’s favourite way to play fast and loose with Taxpayer money!
Need some quick cash to keep the country runnin’? Just give the IMF a call and you’ll have the funds in your account in no time!
Easy right? What could possibly go wrong?
Well, pretty much everything…
Since decades, Pakistan’s financial equivalent of a never-ending game of whack-a-mole has been IMF Loans.
It’s like that one ex who keeps coming back no matter how many times you break up.
That’s never a good relationship now is it?
The IMF is notorious for its extreme terms and conditions, which basically involve sucking the life out of the economy and putting the people through unimaginable hardships.
We’re talking about mass unemployment, social unrest and political turmoil. Yum!
But who cares about the people, as long as the government is able to keep running?
“Sannu ki?”
Oh, let’s not forget about the interest rates. Good luck trying to pay off those loans without having to sell off an entire province. You might as well take out a loan to pay off your IMF loan. I give you Pakistan’s financial equivalent of a Russian Doll.
But hey! Look at the bright side, at least we’ll have some shiny new roads right?
Oh wait. We don’t. The government is too busy playing around with taxpayer money and lining their own pockets to actually invest in the country’s infrastructure.
Probably why they forget installing sewage lines when building those roads?
Well, maybe we should just build a monument to the IMF instead? I mean, they practically own the place.
Apna hi ghar samjho?
So there you have it, folks. IMF loans: because who needs financial stability when you can have crippling debt?
