Pakistan’s economy in ‘collapse’ as IMF visits

POLITICAL MAYHEM Pakistan is locked in an endless cycle of servicing external debt. State Bank governor Jamil Ahmed last month said that the country owed US$33 billion in loans and other foreign payments before the end of the fiscal year in June. A diplomatic offensive has seen US$4 billion rolledContinue Reading

World Bank approves US0 million loan to support Philippines’ recovery, financial sector

MANILA: The World Bank said on Tuesday (Jan 31) it has approved a $600 million loan to support the Philippines’ economic recovery and efforts to make its financial sector more resilient. The funds will be channelled toward strengthening its financial sector stability, expanding financial inclusion and improving disaster risk finance,Continue Reading

Stress tests ahead for Vietnam’s post-Covid boom

People move past a clothing boutique selling locally made products in downtown Hanoi on October 29, 2014. A EU-Vietnam Free Trade Agreement promises to boost Vietnamese exports and growth. AFP / Hoang Dinh Nam

In 2022, the geopolitical tensions caused by the war in Ukraine, slowing growth in the Chinese economy and sharp rises in energy and food prices led to a significantly higher inflationary outlook globally. These factors all added to the risks confronting Vietnam as its economy recovered from its lengthy Covid-19 lockdowns. Communist Party General Secretary Nguyen Phu […]Continue Reading