Pakistan needs to arrange rollover commitments from bilateral partners for all loans maturing during the IMF period. Perhaps this is the real agenda of the China trip, and why it had to take priority over the budget.
According to the IMF, Ukraine's 48-month Extended Fund Facility Arrangement (EFF) has been successful in providing a strong anchor for the country's economic program.
The 2024 Article IV consultation discussions have now ended with the signing of a staff-level agreement between the IMF senior mission chief and the deputy mission chief.
A team of technically-savvy key personnel with diverse skill-sets has allowed govt and RBI to formulate sound arguments in place of the earlier rhetoric-based rebuttals.
The IMF also projected India’s economy will grow at 6.3% in both the current fiscal year and the next, below the RBI’s forecast of 7% in the current year.
A crucial IMF package, commitment to fiscal discipline & historic corporate profits meant investors in KSE-100 index would’ve earned far higher returns than from investing in Sensex.
Chief Economic Advisor to govt of India, V Anantha Nageswaran, says these indices, used to rate investment safety of countries, is created by ‘experts’ who have no presence on the ground.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
COMMENTS