http://aidwatchers.com/2009/06/fund-for-unsolvable-problems-is-the-imf-the-new-un/ just asking that aid benefit the poor Thu, 09 Sep 2010 05:22:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://aidwatchers.com/2009/06/fund-for-unsolvable-problems-is-the-imf-the-new-un/comment-page-1/#comment-5626 samot Tue, 16 Jun 2009 09:38:18 +0000 http://aidwatchers.com/2009/06/fund-for-unsolvable-problems-is-the-imf-the-new-un/#comment-5626 The government of Pakistan released its budget for 2009-2010 last week. The IMF originally set a deficit target of 3.5% of GDP, but a presidential advisor suggests 5.5% is more likely. Pakistan is relying on an IMF $4 billion "stand-by" loan as "insurance" as part of a $7.6 billion package to make the budget balance out on paper. At the same time, the Foreign Minister says Pakistan needs $2.5 billion from the international community to deal with IDPs and fight terrorism. Is there anyone who believes that the government will NOT ask for and receive the standby money? Which means, money being fungible, that the IMF is not only the new UN, it will also now be the main funder of the Pakistan military's anti-terrorism strategy. The government of Pakistan released its budget for 2009-2010 last week. The IMF originally set a deficit target of 3.5% of GDP, but a presidential advisor suggests 5.5% is more likely. Pakistan is relying on an IMF $4 billion “stand-by” loan as “insurance” as part of a $7.6 billion package to make the budget balance out on paper. At the same time, the Foreign Minister says Pakistan needs $2.5 billion from the international community to deal with IDPs and fight terrorism. Is there anyone who believes that the government will NOT ask for and receive the standby money? Which means, money being fungible, that the IMF is not only the new UN, it will also now be the main funder of the Pakistan military’s anti-terrorism strategy.

]]>