The IMF and the elephant in the energy sector

The International Monetary Fund (IMF) is not wrong to say that Pakistan’s power sector subsidy regime needs reform. Any serious policy practitioner knows that the present tariff structure is fiscally expensive, administratively weak, and vulnerable to misuse. But the IMF is wrong in how it has framed the problem, sequenced the solution, and identified the culprit. Under the Resilience and Sustainability Facility, the government has committed to replacing the budgeted electricity tariff differ...

By none@none.com (Khalid Waleed)