Evidence receipt / evaluation
Published · transcript-backedKenneth Rogoff: evaluation
30 Apr 2025 Conversations with Tyler Kenneth Rogoff on Monetary Moves, Fiscal Gambits, and Classical Chess
“It sounds great to say, “We just lent the money to Pakistan.” But I think in general, in money we’re giving to developing countries, too much of it comes in the form of loans, and it distorts what we do because we don’t get them all repaid.”
Source trail
Everything needed to verify it.
- Speaker
- Kenneth Rogoff
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 30 Apr 2025
- Publisher
- Conversations with Tyler
Transcript context
…Sure, but do you sign off on bailout number 25 when that comes along? You’re in charge. First of all, if you don’t sign off on bailout number 25, they’re going to default on bailout number 24. You’re rolling over this debt all the time. It’s very sensitive politically. Pakistan’s a country that’s very, very geopolitically important. You can’t look at the programs there as if you’re lending to the UK. It’s something very different. The amounts are small compared to if you’re lending to the UK. Frankly, what I have advised on things like Pakistan is, just give them aid, don’t give loans. You’re never going to collect the loans. You’re not seriously meeting their loans. It sounds great to say, “We just lent the money to Pakistan.” But I think in general, in money we’re giving to developing countries, too much of it comes in the form of loans, and it distorts what we do because we don’t get them all repaid. How many Latin and Caribbean economies should dollarize? A few have. Should more?…
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