Pharaoh-Nomics: Comparative IMF Development Strategies for Egypt and Pakistan

CASS Working Papers on Economics & National Affairs

Posted: 27 Jan 2020

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: January 1, 2020

Abstract

This paper aims to present comparative elements in the “development” programs of Egypt circa 2016 and Pakistan circa 2019. It argues that a clear pattern of IMF “assistance” improves each country’s economic fundamentals from a foreign investor (particularly sovereign bond investor) perspective, but in contrast reduces the social protections and other foundations for equitable prosperity that would characterize sustainable economic growth from the perspective of the local populace.

Keywords: IMF, Egypt, Pakistan, Social Protection, Emerging Market, Reform, Bailout

Suggested Citation

Chohan, Usman W., Pharaoh-Nomics: Comparative IMF Development Strategies for Egypt and Pakistan (January 1, 2020). CASS Working Papers on Economics & National Affairs , Available at SSRN: https://ssrn.com/abstract=3512552 or http://dx.doi.org/10.2139/ssrn.3512552

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Islamabad
Pakistan

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