Post by Brad Setser: Excellent thread from @murtazahsyed. Pakistan, like Argentina, is always tempted to borrow externall...

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Brad Setser @Brad_Setser · Feb 13, 2023

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Excellent thread from @murtazahsyed. Pakistan, like Argentina, is always tempted to borrow externally to offset a shortage of domestic savings. And, like Argentina, a low level of exports limits how much external debt it can safely manage ...

Tweet Feb 12, 2023

I am often asked why Pakistan keeps going to the IMF. A whopping 23 programs shows we are addicted to the Fund’s tough love. In fact, we are the IMF’s most “loyal” customers (Argentina with 21 is no. two). By contrast, our Midnight twin, India has on

by Murtaza Syed

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