Energy policy – IV: Development of indigenous resources
Perhaps the new energy policy has been only partially released to the extent of the issues that were relevant to CCI (Council of Common Interests). Not much has come out,…
A call for a ‘developmental state’ view of economic policy
After more than 20 years of implementation of neo-liberal free market and free trade strategies, the results are not that heartening. Various studies by International Financial Institutions confirm that there…
Progressive fiscal policy
The Managing Director, Kristalina Georgieva, of the IMF (International Monetary Fund) has said recently in the context of Pakistan that ‘there is a need for collecting higher taxes from the…
Both IMF, govt need serious policy path correction
The International Monetary Fund (IMF) in its recently-released flagship report ‘World Economic Outlook [WEO] update: inflation peaking amid low growth’ indicated that while the economic growth prospects globally had improved…
China has optimized, readjusted Covid-19 policy Jan 21, 2023
Since January 8, 2023, the Chinese government has optimized and readjusted its Covid-19 policy. China has started to manage Covid-19 with measures against Class-B instead of the more serious Class-A…
2023: year of non-neoliberal, non-austerity, counter-cyclical reform policy
Agreed, Pakistan’s credit default swap (CDS) risk has increased substantially during the current year, that it has a huge financing gap in terms of its loan repayment needs, and that…
Ending the assault of austerity and procyclical policy stance
‘The world is confronting multiple, compounding crises, from Covid-19, energy, inflation, debt, and climate shocks to unaffordable living costs and political instability. The need for ambitious action cannot be greater.…
IMF policy needs a serious rethink
The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy came in the inability of austerity policy to neither allow eurozone area to reach needed…
Climate-focused development banks neglect nature ahead of COP15
The world’s development banks could play a major role in protecting nature, but are largely ignoring biodiversity in a climate-led financing push, environmentalists warn, calling for action to fix the…
Contradictions in economic policy stance and a way forward
In its policy prescription, the International Monetary Fund (IMF) has been pushing Pakistan for adopting procyclical policies, that is, asking the country to cut spending, raise policy rate, and increase…
