After years of refusing to become tied to the strings attached to IMF monies, Sri Lanka has agreed to a massive new loan. But will it be enough to lift the economy from its current morass?
The wisdom preached by the International Monetary Fund (IMF), the World Bank and nearly all mainstream economists during the past quarter-century of what has been (mistakenly) called 'neo-liberalism'
The US government, which wields considerable influence at the International Monetary Fund (IMF), has sought to delay Sri Lanka's USD 1.9 billion loan appeal. Washington's
Constant theorising notwithstanding, at the moment no one has a clear understanding of when the current global economic meltdown will pass, or what the landscape will look like when it
Among the major issues to be canvassed at the Sri Lankan general elections in April 2004 will be the role of the international community. There is an influential section in
Cancun joins Seattle as the venue of two failed ministerials of the World Trade Organisation (WTO) since it came into existence on the first day of 1995. The WTO, whose
Pakistan's nationalised banks are being privatised and are providing better service. They are also mounting a strong challenge to foreign banks.
Even though Pakistan's economy remains
The expansion of the 1970s and 1980s concealed the structural weaknesses of the Pakistani political economy, which are responsible for today's stagnation in growth and the payments crisis.
