Saudi Arabia completes its $3 billion support to Pakistan, offering short-term relief as debt repayments, IMF conditions, and global pressures continue to test the country’s fragile economy.
India’s position in the global GDP rankings has slipped from fifth to sixth, according to the latest IMF estimates.
International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday said India's growth rate is more than two times higher than the average global growth.
IMF sees India as a key growth driver even as global expansion weakens, with strong policy frameworks and domestic demand helping cushion external shocks and energy price pressures.
Pakistan has drawn up a tight repayment schedule to return $3.5 billion to the UAE this month, even as rising outflows and weaker exports add pressure on its economy.
IMF flags uneven global fallout from conflict, warning energy shocks, supply disruptions and tighter financial conditions could strain poorer economies and deepen global economic uncertainty.
Reliable macroeconomic statistics are fundamental to economic governance. Last year, the IMF, even while revising India’s GDP growth projections upwards, assigned a “C” rating to our National Accounts Statistics in its Data Quality Assessment due to methodological weaknesses.
Citing the mounting debt burden on the country, Pakistan PM hinted at the growing need for for alternative economic strategies.
“Growth is projected to moderate to 6.4% in 2026 and 2027 as cyclical and temporary factors wane,” the IMF said in an update to its World Economic Outlook report.
The artificial classifications of the World Bank and IMF at best serve their limited institutional purposes ~ to determine for eligibility of poorer developing countries for concessional loans, favourable trade terms etc., and for phasing these countries in or out of aid windows.
