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The debt relief issue was pushed to “the end of the programme”, although it was not made clear whether this might mean before or after its August 20 conclusion. The latest…
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DOI: 10.1108/OXAN-DB233463
ISSN: 2633-304X
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The moves followed a peso depreciation of nearly 21% during the last week of August. The measures aim to ease investor doubts over the government’s ability to overcome the…
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DOI: 10.1108/OXAN-DB238247
ISSN: 2633-304X
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The coalition government of left-wing Syriza and right-wing nationalist Independent Greeks (Anel) significantly lags behind the conservative opposition New Democracy (ND) party in…
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DOI: 10.1108/OXAN-DB224184
ISSN: 2633-304X
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Clearing state arrears to the private sector depends on the quartet of international creditors' timely disbursement of financial assistance tranches. The finance ministry is in…
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DOI: 10.1108/OXAN-DB214159
ISSN: 2633-304X
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Thus ends eight years of economic policy oversight by the ECB, European Stability Mechanism and IMF, in exchange for some 275 billion euros (315 billion dollars) in soft loans…
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DOI: 10.1108/OXAN-DB237925
ISSN: 2633-304X
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The staff-level agreement on the package was announced on June 29, the day before an Extended Fund Facility (EFF) arrangement which Pakistan had with the IMF expired with around…
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DOI: 10.1108/OXAN-DB280730
ISSN: 2633-304X
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Despite exchange rate stabilisation in the last two months, the country risk premium had remained above 800 basis points since early April, reaching a peak of 1,008 on June 3…
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DOI: 10.1108/OXAN-DB244950
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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Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…
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DOI: 10.1108/OXAN-DB278564
ISSN: 2633-304X
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PAKISTAN: Loan revival shows government’s mettle