IMF Support Arrangement for Pakistan: (July 2019-September 2022)

Abstract

Pakistan is a prolonged user of the International Monetary Fund (IMF) resources under medium-term support arrangements that began in 1982 to address recurring external economic problems and ensure economic stability through medium-term reforms. Initially, the ruling regimes in each of these times had reservations about certain IMF conditions, but they were ultimately compelled into having an arrangement by the harsh domestic realities as push factors and quick disbursement and concessional terms as pull factors. Borrowing from the IMF was considered more favorable than borrowing from the World Bank or other sources.