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The government has drawn up a detailed document setting out the gravity of the country’s economic plight and requesting over 10 billion dollars of additional aid from the IMF and…
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DOI: 10.1108/OXAN-DB252596
ISSN: 2633-304X
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Yet worsening macroeconomic conditions amid the COVID-19 pandemic, including a fall in oil prices and declining foreign currency reserves, have forced President Muhammadu Buhari’s…
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DOI: 10.1108/OXAN-DB256558
ISSN: 2633-304X
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At a plenary meeting in October, the FATF urged Islamabad to complete a remedial action plan by February 2021. Previous threats to relegate Pakistan to a ‘blacklist’, which would…
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DOI: 10.1108/OXAN-DB258000
ISSN: 2633-304X
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LEBANON: Electricity price hike will benefit budget
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DOI: 10.1108/OXAN-ES273771
ISSN: 2633-304X
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EGYPT: Tough cuts will boost investor confidence
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DOI: 10.1108/OXAN-ES244043
ISSN: 2633-304X
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The government’s commitment to fiscal consolidation is aimed at pleasing the IMF, with which Sri Lanka recently reached a staff-level agreement on a four-year, USD2.9bn bailout…
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DOI: 10.1108/OXAN-DB274687
ISSN: 2633-304X
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Shortly before Azhar replaced Abdul Hafeez Shaikh in the post, the IMF announced resumption of Pakistan’s stalled Extended Fund Facility (EFF) programme. The loan was agreed in…
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DOI: 10.1108/OXAN-DB261046
ISSN: 2633-304X
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IRAQ: Baghdad sees an impossible economic dilemma
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DOI: 10.1108/OXAN-ES253273
ISSN: 2633-304X
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Issues 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…