Goldman Sachs's decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement at shareholder and public outrage over the debacle. The prestigious investment bank announced…
WHILE Pakistan and India were caught in an ‘escalation dominance’ spiral last week, Islamabad received some good news. Despite Indian efforts to derail the IMF facility, the next drawdown was…
The World Bank Group (WBG) in its 2023 released ‘Pakistan – Country climate and development report’ pointed out that‘The total investment needs for a comprehensive response to Pakistan’s climate and…
On their webpage, titled ‘Resilience, environment, and climate change’ the United Nations Development Programme (UNDP) has indicated ‘As per the worldwide climate index, Pakistan ranks 8th most vulnerable country to…
The climate change crisis is fast-unfolding, and unlike what was thought at the time of the ‘Paris Agreement’ on climate in 2015, according to which the world has up till…
THE IMF is a relatively new player in the climate space. It has moved rapidly to carve a role for itself by formally recognising long-ignored linkages between macroeconomic stability and climate resilience.…
In the just concluded COP29 meetings in Baku, Azerbaijan, there was serious deadlock over the climate finance commitment, and ultimately consensus reached was rightly seen in very bitter light by…
As countries begin preparing for COP29, all states are looking to enhance their NDC (Nationally Determined Contributions) ambitions and report on progress at Baku in November. Developing countries, however, are…
The Asian Development Bank will increase its climate-related lending by up to $7.2 billion after the United States and Japan agreed to underwrite risk for some existing loans, an ADB…
DEBT, climate, and inflation have in recent years become important planks of the spring meetings hosted by the World Bank and IMF. The agenda for this year’s meetings, which concluded last week,…
