Washington, July 9 (IANS) China must urgently overhaul its economic growth model by shifting away from exports towards stronger domestic consumption as it grapples with weak demand, slowing productivity and a rapidly ageing population, the International Monetary Fund (IMF) said on Thursday, warning that these structural challenges will weigh on the world’s second-largest economy in the years ahead. Speaking at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Communications D…
Latest Structural Reforms News & Updates
Washington, July 9 (IANS) India’s push to establish itself as a global manufacturing hub is beginning to pay off as international supply chains diversify, with the International Monetary Fund (IMF) saying on Thursday that it is already seeing tangible evidence of the shift, particularly in electronics manufacturing, while urging New Delhi to sustain structural reforms to maintain the momentum. Responding to questions at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Commun…
New Delhi, July 7 (IANS) Reliable electricity supply is not merely about powering lights and fans but is closely linked to dignity, livelihoods and equitable development, former Uttar Pradesh Electricity Regulatory Commission (UPERC) Chairman Suresh Kumar Agarwal said on Tuesday, while stressing the need for structural reforms to improve the quality of power supply in rural areas.Delivering the keynote address at a roundtable on “Bridging the Rural-Urban Divide in Reliable and Quality Power Supp…
New Delhi, June 26 (IANS) Pakistan’s central government debt has climbed to a record Rs 81.93 trillion after rising by Rs 1.4 trillion in April alone, underscoring mounting fiscal pressures and the country’s continued dependence on borrowing to finance its expenditure, according to a report.The report published in Business Recorder said the latest debt figures reflect deep-rooted structural weaknesses in Pakistan’s public finances despite repeated warnings over fiscal sustainability and rising d…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said an IMF team is in Sri Lanka to assess the country’s economic recovery programme, including the impact of higher energy prices following the recent conflict in the Middle East. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, confirmed that the mission began this week and would conclude on June 30.”We do indeed have a team currently in Sri Lanka. This is a staf…
Chennai, June 25 (IANS) Tamil Nadu Electricity Minister C.T.R. Nirmal Kumar on Thursday released a white paper detailing the financial status of the Tamil Nadu Electricity Board (TNEB), revealing that the state’s power sector has accumulated an outstanding debt of Rs 2.47 lakh crore. Despite the mounting financial burden, the minister assured consumers that electricity tariffs would not be increased during the current year.The white paper, released at the TNEB headquarters in Chennai, presents a…
Washington, May 21 (IANS) The International Monetary Fund (IMF) has said its staff mission had held “constructive discussions” with Pakistani authorities on the country’s economic situation, including the fallout from the ongoing conflict in the Middle East, while reviewing Islamabad’s reform commitments and budget strategy for fiscal year 2027.An IMF mission led by Iva Petrova visited Islamabad from May 13 to 20. The talks focused on recent economic developments, implementation of refor…
New Delhi, May 17 (IANS) Pakistan’s prolonged focus on “economic stabilisation” without meaningful structural reforms risks trapping the country in a cycle of stagnation and recurring crises, a report has said.The report came after Prime Minister Shehbaz Sharif acknowledged that the ongoing US-Iran conflict had negatively impacted Pakistan and other economies in the region through rising energy prices, geopolitical uncertainty and disruptions in trade and supply chains, according to an edi…
Washington, May 9 (IANS) The International Monetary Fund approved about $1.3 billion in fresh funding for Pakistan after completing key programme reviews.The IMF Executive Board completed the third review of Pakistan’s Extended Fund Facility and the second review of its Resilience and Sustainability Facility. This allows an immediate disbursement of about $1.1 billion and $220 million.Total disbursements under the two programmes now stand at about $4.8 billion.The IMF said Pakistan’s “stro…
New Delhi, May 5 (IANS) Pakistan’s economy is under mounting pressure as its total debt and liabilities have surged to Rs 85 trillion over the past four years, which highlights a steep rise in fiscal stress amid limited structural reform, a report has said.A report in The News Pakistan highlighted that the country’s debt and liabilities have increased from around Rs 55 trillion four years ago to Rs 85 trillion at present — an overall jump of nearly 55 per cent. This translates into an avera…