The South Asia Channel

Don’t Just Rebuild Infrastructure — Rethink It

Before the floods this summer, grim rumors echoed in the corridors of the Ministry of Finance, the Planning Commission, and the State Bank of Pakistan: Pakistan was about to cross the precipice into economic free-fall. The floods, in many ways, only postponed the inevitable. The subsequent relief and renegotiation with multilateral lenders have given Pakistan ...

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Before the floods this summer, grim rumors echoed in the corridors of the Ministry of Finance, the Planning Commission, and the State Bank of Pakistan: Pakistan was about to cross the precipice into economic free-fall. The floods, in many ways, only postponed the inevitable. The subsequent relief and renegotiation with multilateral lenders have given Pakistan nothing more than a chance to stop and catch its breath. The reality is, Pakistan’s infrastructure was a mess before the floods.

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