Economy

The International Monetary Fund (IMF) and Pakistan reached a staff-level agreement in March 2024 for the release of the remaining $1.1 billion out of the total $3 billion bailout package. The 9-month bailout package was sought by the Pakistani government last year to avert the sovereign debt. The country has been dependent on IMF loans for decades to fuel its staggering economy. This was Pakistan’s 24^th engagement with the Washington-based lender…

In mid-2023, as part of its preparation of the country’s 2024 budget, Mongolia’s Ministry of Finance prepared a number of documents containing assessments of national economic development prospects for the next three years.  These documents, which are available on Mongolia’s impressively comprehensive official database, allow observers to assess the Mongolian government’s views on their country’s development potential…

US Treasury Secretary Janet Yellen’s week-long visit to China, the second in less than a year, which began on 3 April, represents a remarkable development in relations between the world’s two leading powers. Among other things, it is noteworthy because it came almost immediately after the telephone conversation between the two leaders, which was the first contact between them since they met in San Francisco on the sidelines of the next APEC summit in November 2023. In the six months since then, the long process of accumulation of various kinds of negativity in the bilateral relationship has continued…