Tag: Economic Reform
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Pakistan at Risk: IMF Flags Corruption-Related Money Laundering and Weak Accountability
IMF Warning: A Snapshot of Pakistan’s Financial Vulnerabilities The International Monetary Fund (IMF) has issued a sober warning about Pakistan’s financial integrity, highlighting the country’s significant exposure to corruption-related money laundering. The assessment suggests that while Pakistan makes efforts to stabilize its economy, accountability remains weak and high-profile cases are often entangled in external interference.…
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What the 2026 Budget Means for Ghana’s Future: Speaker Bagbin Sets the Path
Introduction: Setting the Stage for a Transformative Budget The 2026 budget in Ghana is being framed as a pivotal instrument for economic transformation, with Speaker of Parliament Alban Bagbin emphasizing that fiscal policy must actively reduce the country’s reliance on external support. At a Post-Budget Workshop in Accra, Bagbin underscored that modern challenges demand an…
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Somalia’s Growth Hit by Declining International Aid, Says Finance Minister
Overview: A Growing Economy Meets Waning Aid Somalia has shown signs of economic resilience in recent years, with notable improvements in sectors like agriculture, livestock, and small-scale trade. Yet the country’s progress faces a new hurdle as the government reports that a sharp decline in development assistance from international donors is slowing overall growth. Finance…
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Pakistan’s Public Debt Reaches 80.5 Trillion Rupees: What It Means for the Economy
Overview: A Record Public Debt Pakistan’s public debt rose to an all-time high of 80.5 trillion rupees by the end of June 2025, the Finance Ministry told the National Assembly in a written response. The figure marks a new milestone for the country’s borrowing, reflecting ongoing fiscal imbalances, higher financing needs, and the challenging macroeconomic…
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Not in a Hurry to Borrow: Ghana’s Finance Minister Signals Cautious Path to Debt
Ghana’s Debt Strategy: Caution Over Quick Fixes In remarks that drew attention from financial markets and analysts alike, Finance Minister Dr. Cassiel Ato Forson stated that Ghana should not rush back to the international capital market for loans. He framed the stance as a deliberate move to break what he described as a long-standing cycle…
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Danantara’s Bold Plan: Slashing Indonesia’s State Firms to Stop Cannibalization
Overview: Danantara’s Strategic Redesign In a sweeping move reflective of deeper fiscal reforms, Danantara, Indonesia’s sovereign wealth fund, has intensified its plan to dramatically reduce the number of state-owned enterprises (SOEs). The aim is to curb internal competition that officials describe as “cannibalization,” where multiple state-backed businesses end up competing against each other for limited…
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Danantara to Trim State Firms to Prevent Business Cannibalization
Indonesia’s Sovereign Fund Moves to Consolidate State Assets Jakarta — In a bold push to sharpen state-led economic strategy, Danantara, Indonesia’s sovereign wealth fund, has intensified its plan to dramatically reduce the number of state-owned enterprises (SOEs). The aim is to curb internal competition that official sources describe as “cannibalization,” where multiple entities within the…
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Danantara to Trim State Firms to Prevent Cannibalization
Big Shakeup for Indonesia’s State-Owned Enterprises Indonesia’s sovereign wealth fund Danantara is accelerating a sweeping overhaul of the nation’s state-owned enterprises (SOEs). Senior officials acknowledge that fierce internal competition among government-backed firms has created a self-defeating dynamic, where each entity grows to cannibalize the others’ markets and profits. The plan aims to significantly slash the…
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ADC slams Tinubu over fresh N1.15 trillion loan, citing debt addiction and policy flip-flops
ADC blasts fresh N1.15 trillion loan request from Tinubu administration The African Democratic Congress (ADC) has openly condemned the latest domestic borrowing request of 1.15 trillion naira, framing it as a troubling sign of policy inconsistency and fiscal recklessness under President Bola Tinubu. As Nigeria grapples with mounting debt and tight fiscal constraints, the ADC…
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ADC Slams Tinubu’s N1.15 Trillion Domestic Loan: A Fallback to Fiscal Recklessness
ADC Accuses Tinubu of Fiscal Recklessness Over N1.15 Trillion Loan Request The African Democratic Congress (ADC) has publicly criticized President Bola Tinubu’s administration for seeking a fresh N1.15 trillion domestic loan. The party argues that the request signals a troubling pattern of policy inconsistency and an unsustainable appetite for debt, especially given the government’s ambitious…