PM Imran Khan meets MD IMF Ms. Christine Lagarde in Beijing, China

[zeroboy]

 

[SIPRA]

What is Khan doing with this old hag?

 

[VCheng]

What is Khan doing with this old hag?

Discussing terms of a possible bailout?

 

[SIPRA]

Discussing terms of a possible bailout?

Must be something formal and ceremonial. Otherwise, I think, that actual technical discussions would be held by the experts, including our Adviser (Finance).

 

[VCheng]

Must be something formal and ceremonial. Otherwise, I think, that actual technical discussions would be held by the experts, including our Adviser (Finance).

The agreement about the required structural reforms must come from the top.

 

[SIPRA]

The agreement about the required structural reforms must come from the top.

Yes. But that is an internal arrangement between the PM and our financial representative. I believe that the agreements with IMF would possibly be signed by our Federal Secretary (Finance) or some other government representative.

 

[Khanivore]

I don't understand why Pakistan keeps turning to IMF, knowing full-well the blackmail that comes with any bailouts.

 

[fitpOsitive]

Omg, problem solved.

 

[IceCold]

Didnt he met her in Dubai as well? No outcome than, what possibility of an outcome is now? IMF is being used as a tool to arm twist Pakistan thanks to the successive policies of PPP and PMLN.

 

[VCheng]

Yes. But that is an internal arrangement between the PM and our financial representative. I believe that the agreements with IMF would possibly be signed by our Federal Secretary (Finance) or some other government representative.

If the IMF bailout is taken, then it no longer remains an internal matter. IMF conditionalities will require structural reforms as agreed upon.

 

[SIPRA]

If the IMF bailout is taken, then it no longer remains an internal matter. IMF conditionalities will require structural reforms as agreed upon.

Of course, you are right; but I was talking about the process of negotiation.

 

[fisher1]

I don't understand why Pakistan keeps turning to IMF, knowing full-well the blackmail that comes with any bailouts.

Our leaders are used to luxurious lifestyles? Need that American $$$ to enjoy luxuries.

 

[SIPRA]

Our leaders are used to luxurious lifestyles? Need that American $$$ to enjoy luxuries.

No. That is not primarily the case, at least now. Pakistan is in a big economic mess, owing to an exorbitant external and internal debts. See, how we come out of it and pray that we come out of it.

 

[VCheng]

Of course, you are right; but I was talking about the process of negotiation.

Negotiations occur between somewhat equivalent parties, not between a bank and a debtor.