Pakistan Gets a Lifeline from IMF. Analysis By- MOHIT SINGH
Finally IMF (International Monetary Fund) delivers $6 Billion Bailout to Pakistan, Approximately 42,000 Crore Indian Rupees. So before I start I would like to explain one very simple thing regarding "Bailout". When it comes to Bailout then people generally misinterpret it as "Simply Loan", but this is completely wrong. A loan can be taken by anyone, a person or a country which may be financially stable for further development. But when this receiving of money gets this tag "Bailout" then the meaning itself changes. A "Bailout" is giving financial assistance or loan to a "FAILING STATE". So any Loan given to a failing state is termed as Bailout. So, every bailout can be a loan but every loan is not bailout. IMF At a Glance : International Monetary Fund is an international organization which is headquartered in Washington D.C which consists of total 189 countries of which our Lovely India is also a part. IMF was established in orde...