IMF Bondage: How Pakistan’s Debt Servitude Forecloses Any Resolution to Kashmiri Grievances

A ruling class that has signed away its own room to maneuver cannot grant Kashmiris what its creditors have already forbidden it from giving.

The sovereign default of a nation is rarely a sudden event: it is an administrative choice disguised as a financial crisis. In Pakistan, this choice has been made twenty-six times since 1950, with the latest seven-billion-dollar stabilization program from the International Monetary Fund acting as the modern framework of governance. The common narrative …