The IMF should stop lending to countries like Pakistan (which has had 23-24 bailouts) and instead provide aid grants, because structural institutional problems (military control, corruption) cannot be fixed through conditionality and the loans are never fully repaid anyway, making aid more honest than pretending at repayment.

normativepending

Speaker

Kenneth Rogoff

Evidence Quote

just give them aid. Don't give loans. You're never going to collect the loans.

Source

Kenneth Rogoff on Monetary Moves, Fiscal Gambits, and Classical Chess | Conversations with TylerMercatus Center
Created: 8/11/2026, 7:10:38 AM

My Notes

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