China in the driver’s seat amid calls for Africa debt relief
Support is growing for debt relief to help the world’s poorest, indebted nations - most of them in Africa - confront the economic havoc wreaked by COVID-19. But there is…
A looming debt crisis
In his article in the New York Times on April 30, 2020, Prime Minister of Ethiopia and the 2019 Nobel Peace Prize winner Abiy Ahmed highlighted the fact that the…
Debt Relief
While the world economy was already experiencing a synchronized downturn to the weakest in a decade — owing to the US-China Trade War, Brexit uncertainty over Europe and beyond, Technology…
Burgeoning federal govt debt
The SBP has recently released the estimates of the Federal Government debt as of the end of May 2020. This includes all debts which are serviced out of the Federal…
Malaise of mounting debt
The central government’s debt, excluding its liabilities, increased to Rs 34.48 trillion by the end of May 2020—Central Government Debt, State Bank of Pakistan (SBP). In the midst of fighting…
Coronavirus and debt relief
The Managing Director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, recently made a statement in the meeting G20 finance ministers and central bank governors, in which she highlighted…
The rising govt debt
The SBP has released the data on the level of gross government debt as of the end of November 2021. It stands at Rs 40,973 billion. The likely level of…
Poorest countries face tough choice over G20 debt relief plan
The world’s poorest countries could soon be facing a tough decision - double up on debt relief from the G20 with the caveat they must default on private creditors, or…
Unshackling debt shackles
It is now officially admitted that the coalition Government of Pakistan Tehreek-i-Insaf (PTI) secured over $13 billion in foreign loans in the fiscal year 2019-20 alone! It was the second…
Handling the sovereign debt issue
‘Since 2014, total sovereign debt has increased as a share of GDP, and the range of debt instruments has proliferated. Coupled with a continued diversification of the creditor base, these…
