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looking beyond borders

foreign policy and global economy

Archive for the tag “IMF”

The US-China Cold War Is Now Playing Out In Pakistan

Are America and Pakistan finally breaking up? The short answer is no. As much as both states are fed up with each other, they remain far too co-dependent to simply walk away.  What we are seeing instead is a tough and protracted re-negotiation over the terms of the relationship. The question of Pakistan’s role in Afghanistan is not necessarily the hardest issue…The far bigger question… is what India and Pakistan’s role will be in the emerging cold war between the US and China.

Read Here – Defense One

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Fixing Pakistan’s Financial Woes

In what has become somewhat of a ritual, Pakistan is back at the doorsteps of international creditors. The PML-N government has left national coffers empty, just like the PPP and the Musharraf-led PML-Q governments before it. Like clockwork, Pakistan goes to the IMF after every election: 2008, 2013 and now 2018. This time the request for financial assistance is expected to be the largest ever.

Read Here – Dawn

Pakistan’s Economic Turmoil Threatens China’s Ambitions

Some in Pakistan have speculated that China may oppose an IMF program out of concerns that it would compel China to release the financing terms of many CPEC projects. But outside of situations where external debt restructuring is required, it would be exceedingly unusual for the IMF to make such a demand. Instead, the IMF would likely require confidential data on debt payment schedules and other financial information necessary to understand Pakistan’s full balance of payments situation.

Read Here – Foreign Policy

Pakistan’s Ties With U.S.

Governing Pakistan is an unenviable task in the best of times, not least when the country is faced with an economic meltdown and a diplomatic squeeze. The solution to both is intrinsically linked — with the US holding one of the keys to relieving the pain. Incoming prime minister Imran Khan isn’t going to have an easy time managing this account.

Read Here – Dawn

The Rudderless World Economy

The institutions that oversee the global economy – the IMF, the World Band, and the World Trading Organization – have all derived their authority from the support of the world’s economic hegemon, the United States. With the US under Donald Trump rapidly dumping its leadership role, how will the resulting vacuum be filled?

Read Here – Project Syndicate

Addressing the Dark Side Of The Crypto World

Whether Bitcoin’s value goes up or Bitcoin’s value goes down, people around the world are asking the same question: What exactly is the potential of crypto-assets? The technology behind these assets—including blockchain—is an exciting advancement that could help revolutionize fields beyond finance. It could, for example, power financial inclusion by providing new, low-cost payment methods to those who lack bank accounts and in the process empower millions in low-income countries. The possible benefits have even led some central banks to consider the idea of issuing central bank digital currencies. Before we get there, however, we should take a step back and understand the peril that comes along with the promise.

Read Here – International Monetary Fund

Fix The Roof While The Sun Is Shining On The Global Economy

The world economy is enjoying a synchronised recovery. But it will prove unsustainable if investment does not pick up, especially in high-income economies. Debt mountains also threaten the recovery’s sustainability, as the OECD, the Paris-based group of mostly rich nations, argues in its latest Economic Outlook. This report is the swansong of Catherine Mann, who was an outstanding OECD chief economist. It suggests that relief is legitimate, but complacency definitely is not.

Read Here – The Financial Times

Global Economic Growth Remains On Track, Says IMF

Pakistan To Find Out What the Economy Is Like Without Safety Net

Pakistan has seen its growth accelerate, stocks soar, currency stabilize and foreign-exchange reserves triple to a record in recent years. Now, the economy faces the test of going without the safety net of an International Monetary Fund program.

Read Here – Bloomberg

The False Economic Promise Of Global Governance

Global governance is the mantra of our era’s elite. The surge in cross-border flows of goods, services, capital, and information produced by technological innovation and market liberalization has made the world’s countries too interconnected, their argument goes, for any country to be able to solve its economic problems on its own. We need global rules, global agreements, global institutions.

Read Here – Project Syndicate

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