Tag: IMF
Is Pakistan’s Economic Turnaround Now Underway?
By fostering an environment conducive to foreign investment and collaboration, Pakistan can harness its untapped potential and emerge as a beacon of economic opportunity. While challenges remain, the recent developments in foreign investment (i.e., Aramco investment in Gas & Oil Pakistan, Japanese investor interest in Pakistan’s automotive industry, PIA privatization, etc.) and key loans from international institutions, highlight Pakistan’s capacity for growth and resilience…
Lessons From Zambia’s Debt Restructuring
President Hakainde Hichilema is creating a new playbook for African restructurings…
The Rajapaksa Brothers Now Face Their Biggest Challenge
Now, with victory in hand, the Rajapaksa brothers, Gotabaya and Mahinda, must prove that they can re-claim Sri Lanka’s magic of the last decade…the landslide election victory did not miraculously change the country’s financial and economic situation overnight…
Turkey is Struggling but So What
Like a prized fighter, Turkey and President Erdoğan fight on…
Ghana: Debt repayments greater than health or education spending
Ghana was the first sub-Saharan African country to ease restrictions when it lifted lockdown measures on 20 April. The country’s Minister of Finance Ken Ofori-Atta argued the 21-day lockdown of Ghana’s biggest cities had become financially unbearable for most of the population, a concern that gave the government little choice but to lift the restriction…
Coronavirus: Will a price war force change in Angola?
The impact and longevity of COVID-19 and low commodity prices are putting acute pressure on African economies and pushing some sovereigns close to default. Besides Zambia, which has already begun the process to potentially hire an advisor for a sovereign restructuring, Angola is becoming the country with the highest risk for a potential debt restructuring…
