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Does Pakistan need domestic debt restructuring?

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…

US debt ceiling crisis dogs Biden at G7

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…

Debt – a source of rising concern

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…

Resolving the debt question

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…

Debt and fiscal space

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…

Surging govt debt

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…

Debt relief for developing countries

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…