No more concessions from global lenders
The Finance Minister Ishaq Dar on his recent visit to Washington could not apparently get concessions from the International Monetary Fund (IMF) and World Bank to reschedule loan repayments and…
After feverish week, global investors lick wounds and brace for more chaos
Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation.…
Global food crisis
As parents and global citizens, we are very worried about the cost-of-living crisis that the world is facing – the worst in over a generation. The interlinked shocks of the…
Acute food inflation and a shallow global policy leadership response
The ‘Food security’ update recently released by World Bank indicated a very difficult food inflation situation globally, whereby it pointed out: ‘Information from the latest month between March and June…
‘Big Bang 2.0’ up in smoke as Britain’s finance law reforms underwhelm industry
Britain’s reform of post-Brexit financial services is more about catching up with rivals than unleashing a ‘Big Bang 2.0’ as it sidesteps calls to cut taxes on banks or ease…
Emergence of new global currency
As the sun was settling down on the British Empire, the US was flexing its economic and arsenal might to get crowned as the next Superpower by replacing Britain. With…
Global economy at a delicate crossroad – II
A similar balance should be struck in the case of developing countries like Pakistan for it is critical to dealing with the imported/supply-driven/cost push inflation through macroeconomic/supply-sided/governance interventions, and with…
Green finance versus conventional finance
Green finance aims to reduce greenhouse gases (mainly carbon dioxide, methane, and water vapour) emissions (GHG) in our environment. As defined by the United Nations Environment Programme (UNEP) defines “green…
Climate change crisis and global response
The existential threat of climate change is unfolding fast, and the window of limiting average global temperatures below 1.5C — to avoid any permanent natured changes to climate, something which…
Global economic crisis and Neoliberalism
‘The global multilateral economic system has been stress tested twice this century. The first time was with the 2008 global economic meltdown; the second – with the COVID-19 pandemic. And…
