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Private savings, govt dissaving: debt

Savings by an individual/householder or a government have different objectives and constraints and while a healthy savings account maybe a desired goal for a householder yet it is not always…

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…

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,…

The ebb of external inflows

The Ministry of Economic Affairs has released the statement of May 2023 on Disbursement of Foreign Economic Assistance to Pakistan in the first eleven months of 2022-23. The year 2022-23…

Climate change, debt, and inflation

“If you’ve been feeling confused and as though everything is impacting on you all at the same time, this is not a personal, private experience,” says historian Adam Tooze. “This…

Debt – a source of rising concern

During the ongoing World Bank/International Monetary Fund (IMF) spring annual meeting Gita Gopinath, the First Deputy Managing Director of the IMF noted that 15 countries are in debt stress, 45…

Case for climate-debt swaps

Pakistan has a debt problem. It also has an energy problem. Without solving the debt and energy problem, it is not possible to get on a sustainable growth trajectory and…

Debt relief for developing countries

Many developing and low-income countries are under debt distress, and a few of which are also facing food crisis as well. This is an extremely grave situation, and it is…