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The IMF approved a $1.29 billion loan for Pakistan despite a report exposing severe corruption and weak governance, with no enforceable reforms attached.
The IMF approved a $1.29 billion loan for Pakistan despite a 186-page report labeling systemic corruption as "macro-critical," citing massive budget overruns, stalled infrastructure projects, and weak oversight.
The decision raises concerns about the IMF’s accountability standards, as the loan comes without enforceable governance reforms, potentially perpetuating financial dependency and undermining long-term economic stability.
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El FMI aprobó un préstamo de $1.29 mil millones para Pakistán a pesar de un informe que expone la grave corrupción y la débil gobernabilidad, sin reformas ejecutables adjuntas.