Is de-dollarisation on the move
This is the first of a two-part series on de-dollarisation. An exclusive report carried by Business Recorder revealed that during a meeting of Pakistan China seventh Joint Working Group on…
Economic resilience and IMF surcharges
‘Supporters of the surcharges argue that the additional fees discourage debtors from borrowing excessively from the IMF. But this moral-hazard argument ignores that loans require approval from the Fund’s Executive Board, which…
Climate debt trap
HEAVY and rising debt has emerged as one of the toughest hurdles for developing nations to address climate change, alleviate poverty, and seek economic development. The total external debt of…
New climate finances
THE climate summit in the UAE had a dramatic start: the Loss and Damage Fund (LDF) was established, a pledge to replenish the Green Climate Fund (GCF) was made, and…
Understanding SBP autonomy
STATE Bank autonomy is a topic that needs serious discussion rather than judgments passed out of context. Should there be reform in order to access loans from donors or the…
Time to apply for FATF membership
The Financial Action Task Force (FATF) concluded its 5th Plenary presided over by Singaporean President T. Raja Kumar. Delegates from over 200 jurisdictions and international organizations convened in Paris for…
FATF strategic initiatives & Pakistan
The fourth, three-day plenary session of the Financial Action Task Force (FATF) concluded on October 27, 2023, with delegates from more than 200 jurisdictions that addressed prominent issues related to…
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,…
Are we moving away from the dollar?
The dollar got the status of a reserve currency after the aftermath of World War II by the 1944 Bretton Woods Conference. World War II brought fortunes for some countries,…
IMF, others should give $100bn climate FX guarantee
A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries by providing currency guarantees…
