The Pakistani government is facing increased pressure from the IMF to meet the requirements of its financial stabilisation programme, agreed in 2008, including the full implementation of a value added tax (VAT) and specific foreign borrowing targets (see Update 71). At the same time, fears over the cost of increased borrowing from IFIs remain evident, with finance minister Abdul Hafeez Shaikh stating that although Pakistan may need a follow up loan from the Fund, “in the long run we have to get rid of the IMF because it’s expensive.” His comments echoed those from the provincial government of Khyber Pakhtunkhwa, which in May rejected a $100 million World Bank loan. A senior official from the provincial finance department said that, “this loan may enlarge fiscal space for the next budget, but the government and people will have to pay a price for it.”
BWP briefing explores IMF's labour market policies in the context of women in the informal economy and suggests they will not contribute to decreasing inequalities.
The Bretton Woods Project published an edited volume on the gendered impacts of some of the most commonly-prescribed macroeconomic policies of the IMF, covering tax, expenditure and labour policies.
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