Is IMF a Trap? Unveiling the Truth About Pakistan's Economy | #TameerHussain

Is IMF a Trap? Unveiling the Truth About Pakistan's Economy | #TameerHussain

The International Monetary Fund (IMF) is an international organization that works under the UNO, but is practically controlled by the United States. It applies such conditions that the economic development of the country that wants to take a loan from it stops, there is a storm of inflation, unemployment spreads, GDP decreases and the country is default. The reason for this is that the first condition for the country to which it lends is to increase the energy prices.  But if their cast of production continues, production costs increase, which causes a storm of inflation in the country and exports further decrease, which worsens the balance of payments even more and the country collapses. 

It means it defaults. So far, the some countries have succeeded and developed, which have discontinued lending from IMF forever. We can give examples of Malaysia and Turkey if Pakistan wants to develop.  So it also has to get rid of the IMF and in a country like Pakistan, its intervention increases so much that it takes over the State Bank and leaves the currency of Pakistan at the mercy of the market.  It has brought the country to the brink of disaster. It is high time to get rid of the IMF and create policies that are compatible with our own circumstances to save our country.