Tag Archives: Debt as slavery
Pakistan borrows from IMF to maintain debt obligation
The International Monetary Fund’s board approved a $6.7 billion loan package for Pakistan on Wednesday. In a statement, the monetary fund said the three-year loan program should help Pakistan rebuild its reserves and prevent a crisis in its balance of payments. http://www.nytimes.com/2013/09/05/world/asia/imf-approves-6-7-billion-loan-for-pakistan.html?ref=world Loans from the monetary fund generally come with conditions for economic changes and […]