Tag Archives: says IIF

ISLAMABAD: On its way to missing targets in the current financial year, Pakistan’s biggest challenge now is fiscal consolidation and reforms amid a weak coalition government and political instability stemming from accusations of electoral fraud, the Washington-based Institute of International Finance (IIF) has said. On the other hand, exchange rate, monetary policy, energy subsidies and state-owned enterprises (SOE) reforms are …

KARACHI: The global economy is heading for a recession with GDP projected to shrink 3.8 per cent in 2020, substantially worse than the 0.4pc contraction during the 2009 global financial crisis, the Institute of International Finance (IIF) said in its latest report. Contrary to the recovery in the aftermath of the 2009 global financial crisis, the recovery in the emerging …