Archives Economic cooperation - Page 33 of 54 - New Eastern Outlook

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…

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…