Tag:IMF

Dissanayake used the platform to outline a roadmap spanning rural development, infrastructure, energy, tourism and digital skills.

The World Bank currently projects a modest recovery to 3.9 per cent in FY2027-28 if reforms gather momentum.

The market’s verdict has been swift and unforgiving. Brent crude futures rocketed to $119.50 per barrel – the highest since mid-2022 – while West Texas Intermediate (WTI) hit $119.48, capping a blistering 25 per cent surge in days.

This warning comes more than a decade of heedless spending for ‘stimulus’ advocated by macro-economists themselves. The warning also comes amid growing concern that the post-pandemic stimulus era may be giving way to a more constrained fiscal environment worldwide.

Papageorgiou's comments come in the wake of political shifts that have disrupted previous reform strategies. The new administration under President Anura Kumara Dissanayake has halted privatization efforts initiated by the previous government, led by Ranil Wickremesinghe.

While the previous government’s reforms aimed at increasing transparency, efficiency, and private sector involvement, the Dissanayake administration appears to be prioritising a different approach, potentially curbing or modifying privatisation efforts.

By adhering to its reform commitments and leveraging RSF funding, Pakistan aims to build a sustainable future while addressing critical challenges in fiscal policy, energy, and climate adaptation.

The visit is seen as part of ongoing efforts to align Pakistan’s financial policies with international climate commitments, ensuring sustainable economic reforms in the face of mounting environmental challenges.