Don’t spend it all at once: Pakistan and the IMF
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 15 May 2019
⏱️ 22 minutes
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.7 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:17.7 | In the west there seems to be a push towards vegetarianism and veganism, but that's just |
| 0:22.8 | a tiny blip in a bigger upward trend in meat eating around the world. That's bad news |
| 0:28.0 | for the environment, but in a narrower sense it's good for people. |
| 0:33.1 | And a century ago one in eight girls born in France was named Marie. Now that number |
| 0:38.3 | is one in a hundred. Demographers love these kinds of trends. They reveal much more than |
| 0:43.5 | census data do about how France is secularizing and globalizing. |
| 0:55.8 | But first, Pakistan is poised to accept a hefty bailout from the International Monetary |
| 1:06.6 | Fund. Again, the over-indeaded country has just sought its twenty second loan from the |
| 1:12.2 | IMF. In a speech while opening a hospital last week, Prime Minister Imran Khan laid the |
| 1:17.6 | blame on his predecessors. |
| 1:21.8 | He blamed Pakistan's economic predicament on the previous government. He particularly |
| 1:29.2 | fingered the amount of debt that the previous government had racked up. Simon Cox is the |
| 1:34.4 | economist emerging market editor. And he pointed out to Pakistan is that fixing this problem |
| 1:40.1 | would require some hardship in the short term. He also reassured them that Pakistan was |
| 1:46.7 | in reality a rich country and that things would get better eventually. |
| 1:52.8 | And how have Pakistan is responded to the news of this loan? |
| 1:56.9 | So there's some dismay, some discontlement a little bit of surprise. Imran Khan during |
| 2:03.8 | campaigning for the elections last year said he wouldn't turn to the IMF, although most |
| 2:09.0 | economists knew that it would be inevitable. He also made large claims for instituting |
| 2:15.6 | a new kind of welfare state in Pakistan that would take better care of the poor. So that |
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