Foreign debt burden at heart of Russian economic worries
Looming debt repayments by Russian companies are now central to discussions of Russia's ability to weather the financial shocks caused by low oil prices and Western sanctions, but the picture…
Heavy indebtedness & power sector crisis
In terms of new commitments, the Government of Pakistan signed new agreements, worth USD 7,228 million, during the period under review. These commitments comprised financing agreements signed with foreign commercial…
Anatomy of ‘Debt Management Strategy’
Pakistan’s persistent fiscal imbalance has cast a negative shadow on the overall economic scenario. Unless significant and enduring fiscal reforms are initiated and implemented with full vigour, the likelihood of…
Improving foreign investment climate
‘After a steep drop in 2020 and a strong rebound in 2021, global foreign direct investment (FDI) declined by 12 per cent in 2022, to $1.3 trillion. The slowdown was…
Debt, weak multilateralism, and austerity
The number of developing countries having high debt levels, that is having public debt more than 60 percent of their gross domestic product, increased from 22 countries on January 1,…
Migrant farm workers in UK trapped by recruitment debt bondage
When Raj heard British farmers were hiring seasonal workers from Nepal last year, he jumped at the chance to earn what he thought would be a sizeable income for his…
The quagmire of local-law domestic debt restructuring
With collaboration from an investment professional. As is widely understood, Pakistan is facing the dual dilemma of foreign debt servicing that has placed her foreign exchange reserves under significant pressure,…
Argentina faces crunch IMF talks to defuse looming debt bomb
Argentina and the International Mone-tary Fund (IMF) have a $44 billion dilemma, with the two sides set to meet for crunch talks to revamp the country’s huge, wobbling debt deal,…
Debt trap—II
In Pakistan, however, industry/value addition is relegated to secondary position in reward to investment in real estate, official business sector is extractive thus the very model of Pak economy is…
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…
