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 …
Forty-eight hours after an earthquake devastated the Haitian capital of Port-au-Prince, the first emergency assessment teams were yesterday still trying to establish just how many people had died. The sketchy picture from the area underlined the mammoth task facing an international rescue mission that swung into action yesterday. After Haitians …
The focus must be on consumption and not production patterns, and reducing per capita emissions of developed countries must be the first step. The Rally of Britain in the Myherin stage, in October 2009. A study sponsored by the government of the United Kingdom says that over 40 per cent …
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 …
Interview with Anil Naidoo, Director of the Blue Planet Project, which is fighting against the commercialisation of water. Anil Naidoo was a key organiser of the alternative forum as a counter to the World Water Forum in Mexico City recently. He is Director of the Blue Planet Project, an international …
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 …
The current food crisis has been largely policy-driven, which is probably good news because it means that policies can also reverse the process. THIS is not a sudden and unexpected crisis: the signs have been around for some time now. Even though international bureaucrats have been referring to the current …
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 …
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
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
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 …
