IMF exposes Pakistan’s real indebtedness
To qualify for the IMF’s latest bailout, Pakistan has had to share accurate information on its economy including its debt to China. This confirms the speculation of Pakistan’s gigantic indebtedness to China.
To qualify for the IMF’s latest bailout, Pakistan has had to share accurate information on its economy including its debt to China. This confirms the speculation of Pakistan’s gigantic indebtedness to China.
On July 21, Sri Lankan President Ranil Wickremesinghe is set to visit for the first time since taking office. India has already provided $5 billion in economic assistance to Sri Lanka, and is now looking to expand its investment in the nation. Sri Lanka is also seeing interest from Indian private investment. The visit presents an opportunity for the two countries extend this relationship in new areas of cooperation, especially energy, infrastructure, and tourism.
India’s G20 Health Track is progressing well, mid-way through its Presidency year. Its success is due to a combination of intertwined interests and political commitment - to international health goals, to G20 targets and on India’s own domestic focus. An early start on the health stream has ensured that the G20 and much of the world has had in the discussions. This is what makes a Ministerial consensus likely.
Manjeet Kripalani, Executive Director, Gateway House, spoke with Govindraj Ethiraj at The Core on the opportunities for Indian business in engagements with the U.S. There are many opportunities for Indian companies to leverage the increased Indo-U.S. bonhomie, including in capacity building, technology flows, and knowledge transfer.
India’s year-long G20 Presidency completed six months at a time of global economic slowdown and sharpening geopolitical contestation. While India has done well in leveraging the Presidency to articulate its vital goals, the success of the upcoming Delhi Summit will depend on achieving consensus, additionality, and implementability.
Digital services innovation has contributed to inclusive global trade and development. However, governance regimes around digital regulation are still fledgling. This Policy Brief makes recommendations to boost implementation of digital regulatory good practices for interoperability and development of the required governance.
After many early achievements, BRICS is now in gridlock, made worse by the COVID-19 pandemic, India-China border tensions, and the Ukraine conflict. Despite its apparent diplomatic bankruptcy, 19 countries across Africa, Asia, and Latin America are eagerly waiting in line to join the grouping.
In this era of multiple crises eroding multilateral institutions, G20 needs to come out clearly in favour of an expanded, more democratic, more representative, and more accountable UNSC. Shifting from a bottom-up to a top-down approach, G20 leaders should consider incorporating a calibrated but forward-looking paragraph on UNSC reform in the Delhi Declaration.
On 10-12 May, 2023, Manjeet Kripalani, Executive Director, Gateway House participated in the T20 Mid-year Conference hosted by Think20 and G20 in Mumbai. She delivered a special address on the integral position of Mumbai in the Indo-Pacific, pointing out the city’s historical, geopolitical, maritime, and commercial linkages with the Indian Ocean world.
India’s Northeast is developing and getting close to its goal of being part of the Indian mainstream in connectivity and business – which is also critical for the success of India’s Act East Policy. For both goals, Bangladesh and Japan are invaluable partners and friends. The troika’s collaboration can be a model in the region.