Climate debt trap
HEAVY and rising debt has emerged as one of the toughest hurdles for developing nations to address climate change, alleviate poverty, and seek economic development. The total external debt of…
Re-profiling Chinese debt
THERE was one line in Finance Minister Muhammad Aurangzeb’s remarks last Sunday that caught my eye. In his press conference on that day, he announced that Islamabad is seeking the re-profiling…
A matter of life and debt
FINANCE Minister Muhammad Aurungzeb acknowledged last week that Pakistan was seeking debt relief from China and other bilateral lenders to plug a financing gap in order to seal a loan…
Post-pandemic, world facing gloomy stew of debt, trade wars and poor
Record levels of government debt, geopolitical tensions that threaten to split the global trading system, and the likely persistence of weak productivity gains may saddle the world with a slow-growth…
Egypt faces external debt reckoning after borrowing spree
Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy…
Climate change, debt, and inflation
“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not a personal, private experience,” says historian Adam Tooze. “This…
WTO’s 12th Ministerial Conference and Covid vaccine
‘Last week’s WTO 12th Ministerial Conference (MC12) in Geneva concluded with pro-corporate, anti-worker, and anti-development outcomes on all major issues of access to medicines, agriculture, digital trade, and the future of…
Settling bills? Pooled eurozone debt could be trialed in quick bites
Policymakers looking to persuade Germany and other wealthy euro zone countries to pool their debt with less well-off neighbours may need to keep things short and simple. A persistent shortage…
CPEC – a debt threat?
"China comes with a lot of money and says you can borrow this money. But, you must think 'How do I repay'. Some countries see only the project and not…
SBP governor’s press conference
On Mo-nday, the Gove-rnor of SBP, Dr Reza Baqir, held his first press conference and covered a range of issues related to monetary and exchange rate policies as well as…
