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Will Indian FM give Pakistan more IMF loans?

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    Will Indian FM give Pakistan more IMF loans?

    Now that Indian Finance Minister Yashwant Sinha has been chosen to chair the World Bank/International Monetary Fund development committee, replacing Thai counterpart Tarrin Nimmanahaeminda will Pakistan get more loans which it badly needs to prevent an economic collapse. Pakistan is extremely worried about the appointment of Indian Finance Minister as the IMP chairperson.

    The committee will next convene in Prague September 25 under Yashwant Sinha's leadership.


    Most of the members are finance ministers.


    #2
    Hey you talk like a news feed...........

    and do tell me......what is an economic collapse???

    Comment


      #3
      As you do not seem to know the most basic of economics, I don't think you will understand the intricacies of IMF and World Bank and their affect on a countries economy.

      Comment


        #4
        Donors decide policies of IMF. India is not a donor. So it does not matter who is in chair. WB is another thing. But WB loans have already started coming since US is allowing it. IMF loans are going to be tough for Pak. Some people believe there will be no new loans. Just another resheduling of old loans by an year.

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          #5
          This is a case of Mohabbat in dreamland. Its exactly as Ullu as has said its the donors who decide not individual chairpersons.

          Anyway India itself has a external debt of 100 billion dollars! so it cant really say anything except "can we also have a couple of billion more as well?

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            #6
            riginally posted by Malik 61-62:

            Anyway India itself has a external debt of 100 billion dollars! so it cant really say anything except "can we also have a couple of billion more as well?

            61-62, WB and IMF do not take a decision on whether to give further loans on the basis of what is already given, but on the basis of whether a country would be able to repay/ willing to repay/economic strength (or the road it is taking) and proper utilisation, in all of these Pakistan is lacking.

            [/QUOTE]

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              #7
              Originally posted by dhir:
              riginally posted by Malik 61-62:
              Anyway India itself has a external debt of 100 billion dollars! so it cant really say anything except "can we also have a couple of billion more as well?
              61-62, WB and IMF do not take a decision on whether to give further loans on the basis of what is already given, but on the basis of whether a country would be able to repay/ willing to repay/economic strength (or the road it is taking) and proper utilisation, in all of these Pakistan is lacking.

              [/QUOTE]
              There will be political conditionalities associated as well which will not be openly stated. If u remeber when India was in IMF program in 91-92, India ended up freezing its missile tests.

              Comment


                #8
                Yeah, but that will make Pak's position more vulnerable. Politically it stands more or less isolated on a good number of scores, major being overthrowing of democracy. But it can count on some of its Islamic partners which time and again provides it with soft-buyer-loans of millions of dollars worth presumably for purchasing oil from them.

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                  #9
                  Answer to the original question


                  Pakistan will definitely get more loan, infact they will get extremely more than their repayament capacity. Once in default, then Pakistan will be under IMF controll
                  territory and have to listen to the governing body og the IMF. Once this happen then no more terrism,or wars with India

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                    #10
                    Before Indians lecture us on foreign loans or dream that they can decide if we get foreign aid, could they tell us how many foreign aid India gets?

                    After all India has an external debt of some 100 billion dollars! - 3 times Pakistan's size? So where was that all borrowed from?

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                      #11
                      Look, i am doing a course right now dealing with the IMF and other UN organizations.
                      Only the donor countries can say yes or no like Ullu said.
                      The pres doesn't do jack **** about that.
                      The amount and time is once again stated by the donors.
                      But i do believe that Pakistan will get loans, if pakistan does go to economic chaos, you have a fear of pakistan going rogue and then none of the world is safe least of all india.
                      And since we have nuclear capability the west will never let that happen.
                      So sorry Dhir, no fantasy of yours is going to come true for now.
                      Pakistan will get the loans and you pres can't do anything about it.

                      ------------------
                      CROIRE A L'INCROYABLE
                      You can't fix stupid. So might as well troll them!

                      Comment


                        #12
                        CHACHA Malik 74,

                        How much loan Pakistan Will get? What they will do with this money? How they will pay back? Have they paid previous loan back?
                        What they did with previous Loan? Is it use for Economical Development of our country or used for our well known terrorist activities?

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                          #13
                          Sadhu son what is with all the questions??
                          What are you a toodler??

                          Anway i will answer these till Mailik can get on line and answer them properly.

                          A. How much - they haven't decided yet.
                          B. What will they do - Hey don't have the money yet so they can't think of anything yet
                          C. Pay Back?? Only Allah Knows!!!
                          D. Previous Loan - No you must be joking!!!!
                          E. Last loan - economic development that is all.

                          ------------------
                          CROIRE A L'INCROYABLE
                          You can't fix stupid. So might as well troll them!

                          Comment


                            #14
                            "Bhatija" Sadhu -

                            Pakistan has never once defaulted on its loans... but some facts for you:-

                            - Pakistan has borrowed some 60 billion dollars over the last 30 years.

                            - Pakistan has paid back 29 billion dollars over that period.

                            - Hence a national debt of 31 billion dollars still outstanding.

                            - Pakistan is paying 2.5 billion dollars a year back in loans back ... and borrowing less and less each year.

                            - If this pattern continuses then by 2010 Pakistan will not need to get any loans... and will just be paying back its loans.

                            Now tell us about India - which has a NATIONAL DEBT OF 100 BILLION DOLLARS+ AND IS BORROWING SOME 4 BILLION + A YEAR!

                            Comment


                              #15
                              Cool, i didn''t know that.
                              And you i am the fountain of information!!!!
                              Aren't i modest!!!

                              ------------------
                              CROIRE A L'INCROYABLE
                              You can't fix stupid. So might as well troll them!

                              Comment

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