Loans in the Time of Terrorism: Pakistan and the IMF Lending
- Economic and Political Weekly
- 60(22), may 31, 25: p.10-13
The IMF, being a quota-based organisation, is often run at the behest of the bigger quota holders, dominated by the US, European countries, and China. Pakistan, despite being a serial borrower, exhibiting the features of a classic rentier state, was able to obtain continuous support from the US, China, and select countries in the Arab world on account of its strategic location and ability to build alliances. This situation is unlikely to change until the global community is sensitised to the threat that Pakistan poses to international peace and security. - Reproduced