Is Bretton Woods fit for the 21st century?
In July 1944, delegates from 44 countries gathered in the UN sponsored Conference in Bretton Woods, New Hampshire, to decide on a post-Second World War monetary and financial order.
In July 1944, delegates from 44 countries gathered in the UN sponsored Conference in Bretton Woods, New Hampshire, to decide on a post-Second World War monetary and financial order.
Ukraine’s recent debt restructuring stands as testament to its resilience amid adversity. Faced with the immense financial strain of a protracted conflict with Russia, Ukraine’s ability to negotiate one of the largest and fastest debt restructurings in modern history highlights the determination and strategic acumen of its economic leaders.
Sri Lanka is approaching a critical juncture as it prepares for its presidential election on 21 September 2024.
The International Monetary Fund (IMF) on Tuesday raised India's GDP growth forecast for 2024-25 to 7 per cent from 6.8 per cent projected earlier on the back of “improving private consumption, particularly in rural India".
The UN body expects gross domestic product (GDP) growth in FY26 to slow down to 6.5%, same as projected in its April World Economic Outlook (WEO).
The International Monetary Fund on Tuesday hailed India as "one of the bright spots" in the global economy even as it trimmed its projected growth for 2023 by 0.2 percentage points, but only because, it acknowledged, it had previously underestimated the country's performance during the Covid-19 pandemic years of 2020-2021.
The World Bank has said that various economic shocks have resulted in nearly four million Pakistanis getting pushed into poverty this fiscal year.
The present government under Shehbaz Sharif has defrosted the IMF programme (frozen in March 2022) and is in the throes of negotiations for its speedy resuscitation
The fresh drop came after the government failed to make any headway in its talks with the International Monetary Fund (IMF) for the revival of its stalled USD 6.5 billion loan programme.
In what appears to be an alternative to the International Monetary Fund (IMF), Pakistan Finance Minister Ishaq Dar expressed hope to receive a $3 billion second bailout from Saudi Arabia within days, vowing to raise money through sale of assets to beef up the critically-low foreign exchange reserves.
