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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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ARGENTINA: Covert devaluation aims for quick IMF deal
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DOI: 10.1108/OXAN-ES280734
ISSN: 2633-304X
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ARGENTINA: Electoral turbulence will worsen inflation
ARGENTINA: Currency woes could force capital controls
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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However, since the August primaries his goal has shifted to winning the elections, or at reaching a run-off, prompting expansionary policies aiming to improve households’…
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DOI: 10.1108/OXAN-DB282141
ISSN: 2633-304X
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Although pre-election spending normally militates against a sharp drop in growth in election years, there is little margin for this in a context of low reserves, spiralling…
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DOI: 10.1108/OXAN-DB279852
ISSN: 2633-304X
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He replaces Miftah Ismail, who played a key role in ensuring that Pakistan got its bailout programme with the IMF back on track after a hold-up. Dar faces a tough challenge to…
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DOI: 10.1108/OXAN-DB273131
ISSN: 2633-304X
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The programme was revived in August 2022 after a hold-up and extended to June 2023, but completion of the review linked to the latest tranche is now several months behind…
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DOI: 10.1108/OXAN-DB277906
ISSN: 2633-304X
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Last year ended dramatically, with the European Court of Justice (ECJ) ordering the Polish government to suspend its reform of the Supreme Court, and the European Commission…