Like the titel says, Pakistan has asked for help from the Intenational Monetary Fund. It's the last chance for Pakistan to help their economy. With this loan, Pakistan can stabilise their economy and it needs the money to avoid a recession in the country. Befoe asking a loan to the IMF, Pakistan has search for other sources to find a loan but they failed to find a deal.
Also Pakistan suffers with the consequences of the international economical crisis.
Because off the rise in international prices of food and oil, the Pakistani rupee has falling down so a lot of the capital of the government has no value anymore. Pakistan is also a country which imports a lot and because off the drop of the Pakistani rupee, they have the pay a lot for their products compairing with other countries.
The IMF helps the countries who are in troubles but they have strict conditions for repaying the loan and that can also create problems.
The IMF has said that they will help other countries who have problems like Pakistan.
I found it great of the IMF that they will help countries like Pakistan.
With the help of the IMF the countries can hopefully face the crisis and help their economy.
But I think that the countries will be in problems when the moment has there to repaying their loan. When the moment is there, there economy will be good but I think they will no have the money to repaying their loan. So I hope for Pakistan and al the other countries with problems that they will have a good economy in the future with or without the help of the IMF.
source: http://news.bbc.co.uk/2/hi/south_asia/7730943.stm
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment