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…
While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs) allocation, and instead pushes countries, including Pakistan, under its programmes to adopt austerity and…
‘Developing nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings,…
The world is suffering from multiple crises — from strong inflationary headwinds to low growth — at the back of recession-causing and supply chain disruptive pandemic and an overall fast…
Pakistan is facing unprecedented floods of a profoundly catastrophic nature. While 3 million livestock have died in the flood-hit areas, the other mainstay of peoples’ livelihood in the shape of…
Economic failure: In 2018, when the PTI formed the government, national debt and liabilities stood at Rs30,000 billion. By 2022, the same had grown to Rs51,000 billion. Imagine, between 1947…
Last August, the International Monetary Fund (IMF) issued enhanced special drawing rights (SDRs) allocation to the tune of $650 billion to assist countries manage their balance of payments, and make…
‘We’ve entered an era where supply constraints are the driving force of inflation rather than excess demand. This will likely bring more macro volatility and force policymakers to live with…
The International Monetary Fund (IMF) approved allocation of US$650 billion, which is worth 456 billion of Special Drawing Rights (SDRs) – a reserve asset that recipient countries could convert into…
Writing in the wake of the Global Financial Crisis (GFC) in 2009 in a Project Syndicate published article ‘The new IMF’, the then executive director of the International Monetary Fund…
