Biju Paul Abraham

4 weeks ago | epw.in | Biju Paul Abraham |Partha Pratim Ray

Pakistan and the IMF Lending The IMF, being a quota-based organisation, is often run at the behest of the bigger quota holders, dominated by the US, European countries, and China. Pakistan, despite being a serial borrower, exhibiting the features of a classic rentier state, was able to obtain continuous support from the US, China, and select countries in the Arab world on account of its strategic location and ability to build alliances.