New Delhi, May 20 -- The International Monetary Fund (IMF) has imposed tough conditions on Pakistan for disbursing instalments of the $7 billion loan that Islamabad negotiated with it under its Extended Fund Facility (EFF). Such IMF credit comes not so much with avuncular indulgence as with tough conditionalities meant to stabilize macro-economic variables.

The IMF is also giving Pakistan a climate resilience loan of $1.4 billion. We should wish the country all the fortitude it can summon to swallow that bitter medicine.

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It is not in India's interest for any large poverty-ridden nation to implode in its neighbourhood. Pakistan has a quarter of a billion peop...