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Important issues for IMF, WB annual meetings 2022

‘When they gather in Washing-ton next week for the International Monetary Fund and World Bank Group annual meetings, the world’s finance ministers face what has been labelled a polycrisis: Challenges ranging from increased…

Austerity and SDR allocation

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…

Global economic players’ dismal policy action

International Monetary Fund (IMF) recently released the July 2022 update of one of its flagship reports ‘World Economic Outlook’ (WEO). The title ‘Gloomy and more uncertain’ of the report for…

Global economic prospects under Covid-19 crisis

Covid-19 has badly exposed the lack of interdisciplinary approach of mainstream economics – the theoretical basis for widely practiced economic policy, both at the level of most countries and multilateral…

Long Covid’ and deep economic recession

Covid-19 has left many patients with debilitating symptoms after the initial infection has cleared. This is “long Covid”. What is true of health is likely to be true of the…

‘World Economic Outlook’ and IMF’s own performance

The International Monetary Fund (IMF) recently released the April edition of its flagship report ‘World Economic Outlook (WEO)’ titled ‘Managing divergent recoveries’, where it revised upward its earlier projection for…

Higher inflation in Pakistan

A frequently expressed view in the media, especially by spokespersons for the government, is that the rate of inflation in Pakistan is not significantly higher than the other major countries…

A difficult economic triangle

In a recent Financial Times (FT) article ‘IMF urges eurozone to boost spending to fuel economic recovery’, Martin Arnold and Miles Johnson pointed out that ‘Eurozone countries should increase government…

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