In October, as the world’s attention turns toward Morocco for the Annual Meetings of the World Bank Group and the International Monetary Fund (IMF), it is an historic moment to contemplate the legacy of these two leading global lending institutions.
If any consensus is to be achieved on any facet of politico-economic landscape, then the starting shall have to be the ‘Charter of Society’.
The World Bank and the IMF have played a pivotal role in shaping the global economic landscape and improving the lives of millions in Pakistan and South AsiaIn October, as the world’s attention turns toward Morocco for the Annual Meetings of the Worl ...
The recent developments in the international financial system have ushered in something akin to a Gutenberg moment. In the face of this defining point in time, the banking landscape finds itself at a crossroads in many ways than one — regulation soul-searching to redefine social media and artificial intelligence (AI) usage to environmental, social, and governance (ESG), etc.
There has been talk lately about the requirement of local currency debt rearrangement for Pakistan, necessitated by the fact that the government’s debt servicing, budgeted for 2023-24 at Rs7.4 trillion, has increased to approximately 75 per cent of total tax collection and exceeds the net revenues, after transfer to provinces, of Rs6.9tn.
Writing about the tragedy he survived three years ago helps a development banker come to terms with his conflicting feelings of guilt, relief, and wonder, as he explains in a recent keynote address at the Pakistan Literature Festival in London
There has been serious fallacy about the two most talked about concepts in recent times – “default” and “restructuring”. Debt reprofiling could perhaps be a silver-lining to put our house in order
In the previous article, we had focused on the fiscal policy challenges and how it was driving the current economic crisis. In today’s article, we argue for finding evidence based solutions to tackle our financial challenges and devising a home grown roadmap for equitable prosperity.
The economic challenges facing Pakistan today are daunting and the roadmap for enhancing wealth and prosperity for the 230+ million citizens needs to be fostered. While the resumption of the IMF program is critical for addressing our immediate financial needs, their standard prescriptions may only address our short-term challenges.
On the 14th of March 2023, InfraZamin Pakistan hosted the country’s first-ever summit on infrastructure titled “Building for Impact” in Karachi, featuring international speakers and representatives from numerous public and private institutions. A key area of focus of the conference was to explore the most viable avenues of financing that are required for infrastructure projects in Pakistan.
