There is growing consensus over the need for debt restructuring within the policymaking community. However, many analysts are casually selling the idea of domestic debt restructuring without fully recognizing the…
I’m no economist per se. As an accountant, however, I’m deeply concerned at the steep hike of 150 basis points (1.5 percent) in the discount rate. This will further intensify…
The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for the perpetuation and hastening of both the crises is Neoliberalism. Here, it needs…
The sight of a tired-looking top White House domestic policy adviser in a Hiroshima hotel said it all: President Joe Biden may be on the other side of the world…
During the ongoing World Bank/International Monetary Fund (IMF) spring annual meeting Gita Gopinath, the First Deputy Managing Director of the IMF noted that 15 countries are in debt stress, 45…
The extremely worrying indicator today is the large and rapidly growing level of public debt, including the external liabilities, in Pakistan. As of the end of December 2022 it stands…
With considerable delay and visible reluctance (“unwillingly” in the words of the prime minister), Pakistan has taken most of the steps that could bring it closer to successfully completing a…
David Malpass, in a recent interview, has reportedly talked about China’s non-disclosure clause as one of the hurdles in the sovereign debt restructuring process. The outgoing World Bank president, indicated…
The statistics on total debt of Pakistan as of end-December 2022 has been released recently by the SBP (State Bank of Pakistan). It stands at Rs 63.9 trillion. This implies…
When the Covid pandemic was declared by the World Health Organization (WHO) back in early 2020, a number of developing countries were already facing a difficult debt situation, which continued…
