UNDP, IMF officials caution Pakistan's overreliance on bailouts, lack of reforms will fuel its socio-economic development crisis

Islamabad, Nov. 10 -- Representatives from the UN Development Programme (UNDP), International Monetary Fund (IMF), and World Bank, on Monday warned that Pakistan's overreliance on foreign bailouts, weak governance and lack of reforms, will only exacerbate its ongoing human development crisis.

Speaking here, UNDP Resident Representative Dr Samuel Rizk said, "There are two tales of Pakistan's story - on one side, macroeconomic stability; on the other, worsening social and human development indicators posing serious challenges," reports The News International.

Rizk added that even though the country is currently receiving around $14 billion each year from various global lending bodies like the IMF, World Bank, Asian Development Bank (ADB) an...