Doing same thing over and over again & expecting different results is Insanity - Einstein
Entering the 24th IMF program with adjustment still a distant dream Growth is likely to remain well below what is required by our young and over indebted economy
The economy is near default and likely to remain so, even in the IMF scenario, Over the next 3 - 4 years, the IMF says there will be a huge financing gap, probably larger than our reserves.
Pakistan's external financial requirements exceed USD 120 billion over the next 5 years. We require higher than 8% sustained growth.
PIDE recommends complementary actions with the IMF program to:
- Enhance growth
- Increase exports
- Improve productivity
- Increase investment
- Grow outward-looking listed corporates
- Develop brands and domestic market
This Debate was a joint venture of PIDE & WorldBank titled "Reform Priorities For Pakistan: Fiscal & Governance Reforms"
#Pakistan #IMF #Reform #Economy #Tax #Debt #Loan #SIFC #Investment #WorldBank #PIDEideas #Debate #ThinkTank #PakistanEconomy #Growth #Youth #incometax #TaxPakistan
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28 сен 2024