This warning comes more than a decade of heedless spending for ‘stimulus’ advocated by macro-economists themselves.
The warning also comes amid growing concern that the post-pandemic stimulus era may be giving way to a more constrained fiscal environment worldwide.
Georgieva praised Pakistan’s efforts in implementing the IMF-supported program, acknowledging the country’s improving economic performance with rising growth and declining inflation. She recognized Pakistan’s economic recovery and noted that it is on a positive trajectory.
The decision to open the door to external payment of fines is a pragmatic acknowledgement that not every person currently incarcerated needs to remain there.