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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 ...

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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