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IMF and imperialism

Pakistan is desperately looking for the completion of the ninth review of the IMF programme to get $1.1 billion tranche from. The government is claiming that it has fulfilled all…

Lender of last resort

The US was the main beneficiary of a new international financial system that emerged after World War II. The World Bank and the International Monetary Fund became the main source…

Preparing for the ‘petroyuan’?

I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit Suisse (CS), will keep his job – if he still has it –…

Lender of everyone’s resort

Sri Lanka defaulted on its sovereign debts in April 2022. In July 2022, the International Monetary Fund (IMF) warned that 53 more low-and-middle-income countries, including Pakistan, were either experiencing debt…

A dangerous crisis

The invasion of Ukraine by Russia has raised international concerns about the risks and dangers inherent in such a conflict. While latest news reports say Russia and Ukraine are meeting…

A deadly nexus

POVERTY and environmental deterioration are closely linked. Environmental degradation drives poverty through its disproportionate impact on the poor. The nexus between poverty and the environment has meant disaster for the…

AI, new weapon against money launderers

Money laundering is a worldwide menace. According to the United Nations Office on Drugs and Crime, money laundering accounts for up to 5% of global GDP - or $2 trillion…