The Aesop fable goes like this: Two frogs while walking their way notice the enchanting sparkles of water in a well. One says why not to plunge inside and enjoy the cool comfort of the water, The other says what would happen, and how could they manage to come out if the level of the water of the well falls out and it dries up?
This is about fear mongering like cowards who are not sure of themselves. Where as people like the Burmese Nobelist freedom fighter lady Aung Suui Kyi says, ‘Fredom from fear’ is the answer for a fighter who struggles against odds and disasters. Look, the loans from the agencies like the IMF and others are not to be taken as lunches for free. Especially knowing as you do that you are incurring debt to pay debt with compounding interest; and that the money wouldn’t be utilized for infrastructure development, or for providing liquidity to the market place to boost up employment opportunities, or for raising the consumer confidence.
Especially when your past performance is chiding about mismanagement, corruption, tax evasions on large scale and over invoicing/under invoicing etc.
It is business as usual. The lender has a right to ascertain your credit worthiness, the credit ratings assessed by three of the most powerful rating agencies of the world and the ground realities existing at home.