Tag: Economic Reform
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ICU Urges Govt to Tackle SOE Challenges and Boost Youth Jobs
ICU presses for urgent action on state-owned enterprises The Industrial and Commercial Workers’ Union (ICU) has urged the government to address the persistent challenges facing key State-Owned Enterprises (SOEs) and to back initiatives that will expand job opportunities for young people. In its latest statement, the ICU emphasizes that a robust and reform-minded approach to…
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World Bank Approves $700 Million for Pakistan Tax Reforms to Boost Fairness and Transparency
Overview of the Loan and Its Purpose The World Bank has approved a new $700 million loan to Pakistan aimed at strengthening the country’s tax system, improving budget transparency, and widening the tax base. This follows a prior $470 million package focused on increasing tax collection. Officials say the new funding will help ensure that…
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A Stronger Africa Requires Stronger Investment Policies
Introduction: A continent poised for investment-driven growth In a rapidly evolving global energy landscape, Africa’s growth hinges on one crucial factor: investment policy. Author and energy policy analyst NJ Ayuk argues that stronger, clearer, and more credible investment policies are essential to unlock Africa’s vast resources. The spotlight is today on Algeria, a longtime energy…
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IMF Forecasts Slower Philippines Growth in 2025, Mitigated by 2026 Rebound
Overview: A slower trajectory for the Philippine economy The International Monetary Fund (IMF) forecasts a softer growth path for the Philippines, with gross domestic product (GDP) expanding by 5.1% in 2025 before picking up to 5.6% in 2026. The revised outlook reflects a mix of domestic headwinds and external pressures that are dampening export demand…
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Labour economy: Rate cuts won’t save UK growth
Introduction: rate cuts are not a magic wand The prospect of another rate cut this week, followed by a potential easing early next year, is generating breathlessness in financial markets and some optimism among policymakers. Yet the bigger question remains: will lower borrowing costs, on their own, spark a genuine revival in the economy or…
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Rate cuts alone won’t revive a damaged economy: what the UK needs beyond monetary easing
Rate cuts won’t spark a genuine economic revival As the central bank signals a likely rate cut this week, markets and households brace for lower borrowing costs. Yet even if a second cut lands early next year, many economists and voters remain unconvinced that monetary easing alone can rescue the economy or reshape political fortunes.…
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Experts urge FG to cut MPR and pursue growth-friendly policy consistency
New growth-focused policy direction urged for Nigeria Leading voices in Nigerian economics are calling the federal government to pivot from a strict emphasis on macroeconomic stability to a more robust strategy aimed at stimulating real growth. Professor Bongo Adi of Lagos Business School argues that the country’s living standards could improve more quickly if policy…
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Treasury to Lead Australia’s Economic Overhaul, Says New Think Tank
Policy Institute Australia Lands Bold Call for Treasury-led Economic Renewal A new public policy think tank, Policy Institute Australia (PIA), has issued a striking proposal: empower the Department of the Treasury in Canberra to spearhead an ambitious national program aimed at reinvigorating Australia’s economy. The suggestion comes amid ongoing concerns about the country’s productivity, innovation,…
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Treasury must lead a national program to revitalize Australia’s economy, says new think tank
A bold prescription for Australia’s economic revival A new public policy think tank, Policy Institute Australia (PIA), argues that the time has come for the Department of Treasury in Canberra to assume a more assertive, strategic role in steering the nation’s economic future. In its latest policy brief, PIA outlines a plan to fund, coordinate,…
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Pakistan’s Money Laundering Risk: IMF Flags Corruption and Weak Accountability
IMF Warning: Corruption-Related Money Laundering on the Rise in Pakistan The International Monetary Fund (IMF) has raised red flags over Pakistan’s vulnerability to corruption-related money laundering. In its assessments, the IMF notes that the country’s systemic weaknesses in governance, together with regulatory gaps, create fertile ground for illicit financial flows. The warning comes as Pakistan…