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Sri Lanka should go for a tight reserve money program in any International Monetary Fund program with progressive falling ceilings on domestic assets and junk the flexible inflation targeting non-regime that has brought economic chaos to the country.
ISLAMABAD: The International Monetary Fund has estimated that Pakistan’s external gross financing needs will peak to $41.8 billion at the end of...
National April 11, 2021 ISLAMABAD: In the wake of the rising burden of public debt that had ballooned to almost 93 percent of GDP, the PTI government has committed to the IMF for tabling amendments into Fiscal Responsibility and Debt Limitation Act (FRDLA) 2005 before the Parliament by June 2021. The amendments into FRDLA is aimed at strengthening the Debt Management Office (DMO) working under the Ministry of Finance. According to the IMF staff report compiled after approval of second to fifth reviews under $6 billion Extended Fund Facility, (EFF) the government agreed to establish a debt ma...