Editorial: A charitable view of Pakistan’s economy?


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On the conclusion of the International Monetary Fund’s (IMF) Article IV Consultations with Pakistan the press release uploaded on the Fund’s website began with “favourable” growth and “GDP estimated at 5 percent in fiscal year 2016-17 and strengthening to 6 percent over the medium-term on the back of stepped up China Pakistan Economic Corridor investments, improved availability of energy, growth-supporting structural reforms;” but added that “Directors noted that policy implementation weakened recently and macroeconomic vulnerabilities are remerging.”

International donor agencies like the Fund prefer to couch ‘unfavourable’ assessments in positive and encouraging terms wherever possible to ensure that relations with the administration rem