Wed Sep 25 08:05:40 UTC 2024: ## Pakistan’s Debt Crisis: IMF Bailout Fails to Address Root Problem
**NEW DELHI** – Despite securing a record 25th IMF program in July, Pakistan’s economic woes remain far from resolved. While the agreement aims to jumpstart economic growth, experts argue it fails to address the country’s unsustainable debt burden, a much deeper and more fundamental issue.
While the Pakistani government acknowledges the existence of a debt problem, they have yet to grasp its severity. Instead of seeking a debt restructuring or relying on another IMF loan, the country needs to proactively address its underlying economic weaknesses.
The new IMF program, contingent on securing assurances from creditors to roll over outstanding loans, offers a temporary reprieve but lacks a long-term solution. Experts advocate for a preemptive restructuring of Pakistan’s debt to tackle the root cause of the economic crisis.
First Piper 