Climate action and global security
United Nations Secretary-General António Guterres recently warned: “Present trends are racing our planet down a dead-end three-degree temperature rise”. He is right. Unless we act decisively – beginning at the…
Alarming threat of global warming and lagging climate finance
The progress made since the landmark Paris Agreement back in 2015 is seriously lagging as pointed out by a recently released ‘Production Gap Report 2023: phasing down or phasing up’,…
Low inflows of external financing
The first quarterly review of the IMF (International Monetary Fund) Stand-by Facility has been successfully accomplished by the Government. The efforts of the caretaker Government to adhere to the agreed…
Expectations from COP28
The twenty-eighth annual UN conference on climate change (COP28), hosted by the UAE in Dubai from November 30 – December 12 will grapple with a daunting agenda concerning the most…
Developing countries and the challenge of fiscal space
Developing countries, in general, are faced with a serious lack of fiscal space to make needed investments to reach a much-needed resilient economy in view of a fast-unfolding existential threat…
The BRF vision
This year marks the 10th anniversary of the Belt and Road Initiative (BRI). Conceived initially as One Belt One Road, its subsequent expansion across diverse regions led to its rebranding…
Africa hears pledges but little action at IMF-World Bank talks
Pummelled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil…
Important global economic challenges
Decades of neoliberal assault of advocating greater market fundamentalism, and lesser government regulation produced a global financial and economic order with serious resilience, and equity issues, which were glaringly exposed,…
Capacity payments conundrum
The matter of increased capacity payments to power plants has sparked a heated controversy. In recent years, these payments have more than doubled, from 1,082 billion rupees to nearly 2,153…
The finance question
With COP28 only three months away, there is much noise in the climate finance arena. The landmark Africa climate summit (Sep 4-6) along with the ‘Africa Climate Week’ recently concluded…
