 "Christopher Wood, Managing Director & Equity Strategist, CLSA")
Imran Khan – led Pakistan Tehreek-e-Insaf's (PTI) victory in the recently concluded general elections could see the country getting a bailout package from the International Monetary Fund (IMF), writes Christopher Wood, managing director, equity strategist at CLSA in his weekly note GREED & fear.
An IMF bailout however, Wood cautions, has political implications given Pakistan’s role in recent years as the major guinea pig, or laboratory experiment, for China’s 'Belt and Road Initiative'.
“An IMF bailout now seemingly beckons in Pakistan. The obvious problem is that the fiscal straightjacket implied by such a bailout conflicts with the populist agenda of
