ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Into the IMF s Parlour Once Again

Into the IMF's Parlour Once Again BM What the finance minister termed 'kit-culture based consumerism' in his budget speech has led to a runaway expansion of imports leaving the government no choice but to borrow more and more heavily in the international financial markets and to initiate the process of negotiating another loan from the IMF with all the attached 'conditionalities'.. There are also fell-tale indications that its vulnerability on the external balance front is leading the government to water down its stand on the intellectual property rights question.

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