New Delhi, April 18 (IANS) Fundamental issues continue to plague Pakistan, including in the Middle East, where a dispute over financial deposit repayments threaten its relationship with the UAE, according to a new report.Earlier this month, the Pakistan government announced that it would be repaying $3.5 billion worth of loans to the UAE.This includes a loan of $450 million that Pakistan has owed the UAE since the late 1990s, according to the report in Geopolitical Monitor.The report says that t…
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New Delhi, April 17 (IANS) India’s capital markets are increasingly being recognised as a stable, resilient and globally competitive destination for long-term investments, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Friday.Speaking at the IMF-World Bank Spring Meetings during an interaction organised by the Confederation of Indian Industry (CII) and the US-India Business Council, Pandey noted that Indian markets have evolved into a structural pillar of the…
Washington, April 16 (IANS) As a fresh energy shock from the Persian Gulf conflict risks deepening vulnerabilities across major economies, the global imbalances are widening again, top officials from the IMF and policymakers warned.Speaking at a high-level panel on Wednesday (local time), IMF Managing Director Kristalina Georgieva said “imbalances have been coming and going in waves” and are now “on the rise again,” with major surplus economies including China, Germany and Japan facing o…
Washington, April 16 (IANS) The global economy is facing renewed strain from the West Asia conflict, with elevated debt levels and limited fiscal space constraining governments’ ability to respond, the International Monetary Fund (IMF) has said.“The world economy is being tested again with the consequences of the war in the Middle East,” Rodrigo Valdes, Director of the IMF’s Fiscal Affairs Department, said on Wednesday (local time), warning that “public finances are more stretched in m…
Washington, April 16 (IANS) Global conflicts and supply chain disruptions are adding to economic stress in developing countries, with the Intergovernmental Group of Twenty-Four (G-24) warning that recent gains on inflation and growth are at risk.Speaking at a press briefing during the Spring Meetings, G-24 Chair Olawale Edun said: “Numerous political crises and conflicts globally have significantly impacted… populations and further strained the fragile global economy, with particularly adver…
Washington, April 16 (IANS) India’s strong economic growth is helping cushion fiscal pressures, but risks from subsidies and elevated debt remain, the International Monetary Fund (IMF) said.“Strong growth makes life much easier. It can’t be much in a better position if they were growing as India is growing,” Rodrigo Valdes, Director of the IMF’s Fiscal Affairs Department, said during a press briefing on the Fund’s latest Fiscal Monitor on Wednesday (local time).He stressed that India…
New Delhi, April 15 (IANS) Debt-ridden Pakistan is under pressure to repay its huge loans taken from the Gulf countries, who are losing patience over the inordinate delay, with the UAE refusing to rollover the $3 billion payment that is now overdue.Pakistan’s economy has lurched from one IMF programme to the next for decades, each tranche accompanied by promises of reform that evaporate once the cheque clears. Friendly Gulf monarchies and Beijing have repeatedly stepped in as lenders of first …
Washington, April 15 (IANS) War in the Middle East is threatening to slow global growth and push up prices, IMF officials warned, as supply disruptions spread across energy markets and trade flows.The International Monetary Fund said the conflict has created “exceptional uncertainty” in the global outlook, forcing a reassessment of forecasts. Deputy Managing Director Bo Li said all scenarios now point to “higher price and lower growth and slower growth.”The impact is already visible acro…
Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
Washington, April 15 (IANS) The Intergovernmental Group of Twenty-Four (G-24) warned of a sharp deterioration in global economic conditions, citing conflicts, supply disruptions and financial pressures that could weigh heavily on emerging economies.In a communique issued after its ministerial meeting in Washington, the G-24 said global growth is projected to decline in 2026 compared to 2025, as the fallout from the war in the Middle East and other crises ripples across energy markets and supply …