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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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The sharp fall came days after President Alberto Fernandez announced that he would not seek re-election, prompting rumours of an imminent devaluation that the government blames on…
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DOI: 10.1108/OXAN-DB278772
ISSN: 2633-304X
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With second-quarter targets unmet, the deal was delayed by conflicting positions on fiscal and exchange policies. Economy Minister Sergio Massa’s recent policy package paved the…
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DOI: 10.1108/OXAN-DB281076
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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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 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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Massa's bid is widely seen as having the support of local businessmen, trade union leaders and Peronist governors, representing the core of a coalition that could provide a stable…
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DOI: 10.1108/OXAN-DB280402
ISSN: 2633-304X
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President Edgar Lungu and his Patriotic Front (PF) government are increasingly struggling to mobilise resources to meet repayments amid continued high public spending. Meanwhile…
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DOI: 10.1108/OXAN-DB253837
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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The surprisingly ample victory of opposition candidate Alberto Fernandez over President Mauricio Macri in the August 11 presidential primaries triggered a currency run and a sharp…