Pakistan is likely to enter into an Extended Fund Facility (EFF) programme – which is different from a standby arrangement (SBA) programme since, in addition to targeting macroeconomic stabilisation, including…
International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest payments the country’s expenditure should be less than its revenue. Expenditure constitutes non-development (or…
In its April 2023 flagship World Economic Outlook (WEO) report, the International Monetary Fund (IMF) pointed out that economic growth enables countries in a better way to service debt repayments,…
‘In most western countries, inequality is rising, and social mobility has stalled. Our citizens are losing purchasing power. They are struggling to find a decent job, to buy a proper…
As another monetary policy statement is about to be released, as the writer contributes this article, it is time to indicate why it is very important that it is over-due…
In its ‘World Economic Outlook, October 2023’ Report, the International Monetary Fund (IMF) has said that ‘The global recovery from the Covid-19 pandemic and Russia’s invasion of Ukraine remains slow…
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,…
Two reports recently released clearly indicate that in the wake of pandemic, not only has progress on sustainable development goals (SDGs) overall slowed down significantly, the very first goal in…
Unfortunately, both the IMF and individual countries practicing these, in or outside of the IMF programme, are not learning from this experience of over-board implementation of monetary- and fiscal austerity…
Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in many developing countries, after an initial allocation from $650 billion released in August 2021 –…
