Managing Growth with Stabilization III

Publication Year : 2020

As Pakistan’s debt journey began in the year of 1956 with USAID and through massive loans Pakistan did not achieve the desired long – run growth with stabilization. Debt history of Pakistan clearly shows that Pakistan has two to three IMF programs in every decade, shows in Figure 1. Since, through massive loans instead of achieving long – term growth and stabilization Pakistan is facing deficits and a severe unemployment rate among young graduates which is around 33 percent estimated by the PIDE. This webinar enlightens us to understand what can be done to achieve the growth acceleration, what are the major mistakes made in the last three decades of adjustment programs in both designing and implementation by the policy makers. Further, how should Pakistan achieve durable adjustments without crushing austerity in recent years?