March 30, 2023
Banking International

Global Banking Turmoil Raises Concerns of a Potential Recession

The World Bank has issued a warning that the global economy’s long-term growth potential has been negatively impacted by the Covid-19 pandemic and Russia’s war in Ukraine. This could lead to what the bank has termed a “lost decade,” characterized by increased poverty and limited resources to combat the effects of climate change. These overlapping […]

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Banking Pakistan

IMF: new ‘lifeline’ for Pakistan

With a few exceptions, Pakistan’s rulers, lawmakers, and policymakers have all struggled to manage the country’s balance of payments since its formation, and as a result, Pakistan was forced to turn to international lenders for financial assistance. Since the initial loan application, which was made in 1958, only a few years after the country’s 1950 […]

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