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1 – 10 of 133Issues such as soaring inflation, currency depreciation and debt repayment problems are having a major impact on the economy. The World Bank estimates that GDP grew by 3.7% in…
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DOI: 10.1108/OXAN-DB287447
ISSN: 2633-304X
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Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…
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DOI: 10.1108/OXAN-DB286930
ISSN: 2633-304X
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A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…
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DOI: 10.1108/OXAN-DB287205
ISSN: 2633-304X
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The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…
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DOI: 10.1108/OXAN-DB285381
ISSN: 2633-304X
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The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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This brings the three-year attempt to negotiate a debt-restructuring deal to a halt at the last hurdle. The parties must now try to salvage the deal before the end-of-year…
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DOI: 10.1108/OXAN-DB283748
ISSN: 2633-304X
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According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…
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DOI: 10.1108/OXAN-DB284210
ISSN: 2633-304X
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The bailout’s second tranche cannot be released until the review is complete. Separately, the government is battling accusations that it is protecting individuals who helped…
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DOI: 10.1108/OXAN-DB282414
ISSN: 2633-304X
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According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…
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DOI: 10.1108/OXAN-DB280381
ISSN: 2633-304X
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Kazakhstan’s economy has weathered well the turbulences created by the war in Ukraine. A new context for the country’s traditional aspirations to balance and diversify economic…