Following the parliament’s failure to take the much-needed steps, the President has ordered measures to be taken to curtail the mounting fiscal deficit within 5.3 percent of GDP. This can be analogous to the bridge finance facility for fiscal support, availed from the IMF in lieu of the delay in FoDP disbursements. However, its fate beyond a quarter depends upon parliament’s support in the coming budget. Nonetheless, this is a step in the right direction, which comes after a series of long deliberations between the country’s economic managers and the Fund earlier this month. Political leadership of the ruling party has finally been convinced by the finance minister as regards the horrendous consequences of not fulfilling the IMF conditions. Mind you, the conditions of the Fund, old and new, essentially come from domestic policy experts who recommend different measures to the Fund’s officials, and the latter, in turn, make those recommendations as conditions ...