Archives Economic cooperation - Page 32 of 53 - New Eastern Outlook

Last year saw a number of significant developments in China-Kazakhstan relations, including two official visits to China by Kassym-Jomart Tokayev, multi-billion dollar contracts, the promotion of transport and infrastructure initiatives, and an unprecedented 30 per cent growth in bilateral trade. Kazakhstan accounts for half of China’s trade and investment in the region, with trade turnover between Kazakhstan and China reaching an impressive $31 billion. By 2023, the volume of cargo between the two countries will have increased by 22 per cent to nearly 30 million tonnes…

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…

As I recently wrote, US-China ties, following Biden’s recent call to Xi, are unlikely to see any major improvement and progress from what has been a tit-for-tat trade war for the past several years. In fact, the recent visit of the US Treasury Secretary Janet Yellen has done more than anything else to prove the fact that the US-China ties, regardless of who occupies the White House, will continue to be shaped by great power competition…