IMF adds 11 conditions to Pakistan bailout, flags deep-rooted corruption

• IMF imposed 11 new conditions on Pakistan for its $7 billion bailout, bringing the total to 64 within 18 months.
• New conditions target deep-rooted corruption, governance failures, fiscal, and structural reforms in Pakistan's economy.
• Key requirements include public asset declarations for senior civil servants by Dec 2026, bank access to this data, and action plans for high-risk departments.
• Other reforms cover revenue, remittances, sugar market liberalization, power sector loss reduction, corporate law amendments, and a potential mini-budget.
• These measures aim to address major weaknesses identified in Pakistan's legal and institutional frameworks by the IMF.

Why It Matters: Pakistan faces strict IMF conditions to combat corruption, crucial for its economic survival.