Pakistan debt continues to climb and going to the IMF for another bailout package is not a good omen for the future.
The new government in Pakistan needs to pay attention to the needs of overseas Pakistanis if it wants their help in a meaningful way.
There is nothing “international” about bodies like the UN, World Bank, IMF, IAEA etc. These are all tools in the hands of imperialist powers.
The US economy has taken a tumble faster than anticipated. This was confirmed by the International Monetary Fund when it released figures on December 4 showing that China has surpassed the US as the world's largest economy. America had been the world's dominant economic power since 1872. No more.
There are a host of organizations — the United Nations (UN) with its Security Council, the International Monetary Fund (IMF) and the International Atomic Energy Agency (IAEA) — that are touted as world bodies whose function is to maintain peace, security and stability — financial and nuclear — in the world. The UN and IMF were created around the time of World War II.
For his May 18 speech on the Muslim East, US President Barack Obama gave his latest performance in the production titled (Steadily Weakening) Empire Strikes Back. His flowery words have long since lost their perfume and his grammatically complex sentences, such a heady delight after the linguistically-challenged Bush, now seem to fall as flat as an out-of-tune piano.
Until Muslims present viable economic solutions, they will not achieve the revelational purpose of Islam which is to construct a society based on the sovereignty of Allah (swt) and justice. Islam is a way of life that takes into consideration the human soul and the material body. Part of that material body is the economic necessities of a human being which Islamic law addresses.
Contrary to widespread belief, international institutions such as the UN, the World Bank, the International Monetary Fund (IMF) and the International Atomic Energy Agency (IAEA) etc., were not created to bring peace and prosperity to the world, but to serve the interests of the West. It is distressing to note, however, that the very victims of these institutions seem totally mesmerized by the high-sounding rhetoric of these organisations, and act as if their survival depends on them.1