Public policy specialist with 20 + years experience in formulating and implementing macroeconomic policy in a developing country context and expertise in regula
These economies need immediate help from abroad—both in the form of debt relief for some of them and an overall upgrade in the global framework for restructuring debt
https://t.co/yh9V2NB0OU
Join us for an exciting evening for a discussion on the Challenges of Policymaking in an Economic Crisis with a man who is truly a giant in the Sri Lankan economic arena, Mr. Indrajit Coomaraswamy. #SriLanka#economy#Crisis#policy
Central bankers are on the front line of the fight against inflation. Govts must not make the task harder by loose fiscal policy. To make fiscal support during a cost-of-living crisis less inflationary, govts should target relief to the most vulnerable
https://t.co/jHcNLgZqRT
The way forward would be to determine VAT rates, thresholds and exemptions based on scientific analysis and clear economic rationale
https://t.co/K8Ak4TY59C
To prevent a global catastrophe, the international community must establish mechanisms to ensure timely and fair burden-sharing among sovereign creditors.
The Great Debt Conundrum by Anne O. Krueger @ProSyn https://t.co/kBqoqE1qLN
Check out these fascinating articles featured in today's editions of The Sunday Morning and Sunday Times Education section.
Get ready to expand your knowledge! 📚💡
– Sunday Times 09.07.2023 -
Read more: https://t.co/392BiKyihA
#EducationNews#TheSundayMorning#SundayTimes
Some 30 years ago, India too was on the edge of bankruptcy. In response, its Finance Minister delivered a budget speech for the ages. It changed India forever. It couldn't be more different than the budget we have recently heard in Pak. A thread on that remarkable India speech...
Limited capacity and political space may affect the speed at which reforms are undertaken. But the bottom line is unless these macroeconomic and structural reforms are carried out, Sri Lanka will likely be going back to the IMF for the 18th time.
https://t.co/tmjmOolsVq
But there is a danger not only of loosening too soon, but also of loosening too far under what is quite likely to be fierce political pressure, so generating another upsurge.
Lessons from the great reflation - https://t.co/TrqKTB36BM via @FT
Global growth remains weak, but it may be at a turning point. We have slightly increased our 2022 and 2023 growth forecasts. Global growth will slow from 3.4% in 2022 to 2.9% in 2023 then rebound to 3.1% in 2024. https://t.co/TxZ9Co4S0j
Failure to get ahead of the developing world’s looming debt crises would represent a moral failure, and also dampen world economic growth. The intl community must finish what it started with the G20's Common Framework, by bringing China and major private creditors on board