Pakistan will access about $1 billion under the Extended Fund Facility and $210 million under the climate-focused Resilience and Sustainability Facility.
War in Middle East can affect India’s strong growth, which IMF forecast at 6.4% earlier and also push inflation higher from 2.75% recorded in January, global media predicts.
As the era of easy money ends, the gap between the ability to borrow and the credibility to do so will define fiscal resilience. India still has the chance to strengthen both.
To sustain momentum, India must continue focusing on structural reforms, particularly in land, labour & logistics, while nurturing human capital through education & skilling initiatives.
'It shows that the risk of sovereign default, which was quite omnipotent just a couple of years ago, is in the past,' said Ali Farid Khwaja, chairman at KT Bank Pakistan.
Aluminum prices, already rising before the conflict, have gained further as traders and buyers focus on the potential for tighter markets and shrinking global inventories.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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