Pakistan Is Drowning in Debt
Rising prices, food insecurity, and a growing debt burden make Islamabad’s other challenges all the more pressing.
AUGUST 5, 2022
Pakistan is in a political and economic death spiral that could push it over the same cliff as Sri Lanka, as internal conflict, regional instability, and global uncertainty all threaten the survival of the state.
Pakistan has struggled to recover from the pandemic and is now grappling with another spike in COVID-19 cases. But the country faces life-threatening challenges similar to what Sri Lanka faced before the island government collapsed amid 50 percent inflation; food, fuel, and medicine shortages; power cuts; and, in May, its first failure to make an interest payment on a foreign loan. For Pakistan, life support is a drip feed of loans from foreign friends and emergency injections from multilateral lenders.
READ THE FULL STORY HERE:
https://foreignpolicy.com/2022/08/05/pakistan-sovereign-debt-imf-inflation/
Pakistan Is Drowning in Debt
I respect your tip on which country will be 3rd in death spiral and what is the critical mass before global disorder at the neighborhood level