While doing so, let us also be warned that the Fund presently does not seem to be inclined to extend waivers on key agreed measures. Had the Fund felt it advisable, perhaps it would have extended the required number of waivers and approved the second review on schedule. Meanwhile, the circular debt has continued to expand forcing the government to continue to pass on the cost of its inefficiencies to consumers. Therefore, the government would need to abandon the IMF programme forthwith and focus more on mobilising enough funds for providing urgent relief to the deserving. Like Opinion & Editorial on Facebook, follow @ETOpEd on Twitter to receive all updates on all our daily pieces.

Source: The Express Tribune April 11, 2020 05:37 UTC