Why the world bailed out Pakistan but not Sri Lanka

Jul 22, 2022 | 22:26 IST

Unlike Sri Lanka, Pakistan hasn’t collapsed. Given the parlous state of its economy, that’s strange. The answer lies in having influential friends in the right places

There are many Sri Lankas waiting to happen across continents. Pakistan is one of them. Economic crisis is threatening Pakistan the same as it did in Sri Lanka. In fact, experts have been predicting Pakistan’s bankruptcy for several years now.

Pakistan has been facing a forex crisis for quite a long time. It worsened this year with forex reserves managing only a few weeks of imports before the International Monetary Fund (IMF) agreed to revive the 13th bailout package for Pakistan in 30 years.

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/world-south-asia/geopolitics/pakistan

TOI

TOI

Why the world bailed out Pakistan but not Sri Lanka

Unlike Sri Lanka, Pakistan hasn’t collapsed. Given the parlous state of its economy, that’s strange. The answer lies in having influential friends in the right places

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TOI

Why the world bailed out Pakistan but not Sri Lanka

Unlike Sri Lanka, Pakistan hasn’t collapsed. Given the parlous state of its economy, that’s strange. The answer lies in having influential friends in the right places

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