The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
George Soros, the billionaire financier, unveiled a plan yesterday to lend poor countries $100bn to deal with the threat of climate change. The money would come from the International Monetary Fund, from financial instruments known as special drawing rights. These SDRs, used to create liquidity, are a type of basket …
Protesters dressed as sea turtles; teargas billowing through the streets; the ignominious collapse of efforts to launch a new round of global trade talks. It is 10 years since the World Trade Organisation meeting in Seattle broke up in chaos. The biennial conference of trade ministers that started on Monday …
The developing world will suffer about 80 per cent of the damage from climate change despite accounting for only around a third of greenhouse gases in the atmosphere, the World Bank said on Sunday.
The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice. A document outlining the U.S. position ahead of the September 24-25 Group of 20 summit in Pittsburgh said …
The Maldives archipelago, threatened by rising sea levels blamed on climate change, said on Monday it would introduce a new environment tax on all tourists who use its resorts and provide its economic lifeline. Famed mostly for high-end luxury resorts and white-sand atolls, the Maldives has made a name for …
The levying of carbon surcharge on POL products at fixed rates was the decision of the government of Pakistan and the International Monetary Fund (IMF) did not ask for its imposition as conditionality under the Stand-by Arrangement (SBA). This was stated by, Country Representative of IMF for Pakistan, Paul Ross …
Industrialists of Site industrial area have reacted sharply over the notices issued by the Environmental Protection Agency (EPA), Sindh, for non-compliance of National Environmental Quality Standards (NEQs). At an emergency meeting, over a hundred angry industrialists gathered at the Site Association of Industry (SAI) office here on Thursday to express …
Muzaffar Hussain Khan Magsi, chief of Seraiki Inqilabi Council, Rehmat-ullah Vardag, chief of Tehrik-i-Istaqlal, and Mansoor Ahmed Khan, chief of Pakistan Democratic Party, have said that the Advisor to Prime Minister on Finance, Shaukat Tarin was "a parrot of IMF", talking in its language. They said that the government is …
Pakistan should focus on a range of critical development issues, including health, education, skill building and social mobilisation, as well as important infrastructure to underpin the future growth, said a statement issued by the World Bank here on Tuesday. Pointing to the Friends of Democratic Pakistan (FODP) conference, the statement …
On December 26, 2004 Sri Lanka and a few other countries in the region faced the destructive power of nature. The tsunami that swept across the Indian Ocean left about 300,000 people dead. This disaster also demonstrated the regenerative power of human compassion. Sri Lanka became just one household where …
A combination of domestic and external factors have resulted in a decline of nearly six per cent in large-scale manufacturing output during the first half of 2008-09 and a sharp drop in exports in recent months, says the International Monetary Fund (IMF) in its latest report available on Tuesday. The …
The government has committed to the International Monitory Fund (IMF) to explore the possibility of levying carbon tax to enhance revenue collection. Sources told to Business Recorder on Tuesday that the government is exploring the possibility of levying some kind of excise duty, or carbon tax, on fuel consumption, responsible …
Pakistan and Germany on Friday discussed the possibilities of funding eight ongoing and new hydropower projects worth billions of dollars, official sources told Business Recorder on Friday. These projects came under consideration at a meeting between visiting German Minister for Economic Co-operation and Development Heidemaire Wiegoreak Zeul and Prime Ministers …
The summit of the Group of 20 leading high-income and emerging countries in London on Thursday seems set to achieve progress. But achievement must be measured not just against past performances, but against
The briefcase that acting Finance Minister Pranab Mukherjee carried to Parliament on 16 February must have felt incredibly light: all he had to do was present only a vote-on-account budget for the next three months, rather than a full year
Those who oppose the current pattern of high growth are often branded as anti-development. In this article two well-known dissenters state why they oppose the present mode of industrialisation in India and set out an alternative path, starting with a few practical steps.
