Pakistan says it agrees to IMF terms on release of $1.1bn payout
Al JazeeraMAR 25 2023
The Spin
Narrative A
The government's erratic policies have reinforced the country's structural economic problems. The country is struggling with high inflation and balance-of-payments crises, last summer's devastating floods, and a recent surge in terror attacks. Now, the government is looking for a bailout on the backs of its citizens while those responsible remain unscathed.
Narrative B
Despite the severity of the challenges, the government's mini-budget is enough to unlock the crucial IMF loan tranche and help Pakistan's economy bounce back. While the bill will raise taxes and costs for some people, the government is doing its best to prepare a proposal and secure the necessary funds to keep the nation from collapsing.