Tag: Macroeconomics
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IMF Staff Completes 2025 Article IV Mission to Indonesia
Overview of the Mission The International Monetary Fund (IMF) completed its 2025 Article IV Consultation with Indonesia, marking another milestone in the ongoing evaluation of the country’s macroeconomic framework. Led by mission chief Ms. Maria Gonzalez, a team of IMF experts conducted two weeks of in-depth economic discussions with Indonesian authorities, financial institutions, and private…
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Peso Sinks Further to New Record-Low as Dollar Strengthens and Political Noise Bites
Philippines Peso Hits New Record Low as Dollar Strengthens The Philippine peso extended its slide to a fresh record low on Wednesday, underscored by renewed political unease and a broadly stronger dollar. The local currency closed at a level around P59 per $1, marking another milestone in a year of heightened volatility for the Philippines’…
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Canadian Peter Howitt among 3 Nobel winners in economics
Overview: A Trio Recognized for Innovation-Driven Growth The Royal Swedish Academy of Sciences has announced that three researchers will share the Nobel Memorial Prize in Economics for 2024, recognizing their work on how innovation drives economic growth. Canadian economist Peter Howitt, along with Joel Mokyr and Philippe Aghion, was awarded for explaining the mechanisms of…
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ASEAN+3 Remains Resilient Amid Heightened Global Uncertainties
ASEAN+3 Stays Resilient in a World of Heightened Uncertainty The ASEAN+3 region—encompassing the ten ASEAN member states plus China, Hong Kong, Japan, and Korea—continues to demonstrate resilience amid heightened global uncertainties. The latest releases from the ASEAN+3 Macroeconomic Research Office (AMRO) include the Financial Stability Report (AFSR) 2025 and the October Update of the Regional…
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US Budget Paralysis and Swiss Probes: A Global Economic Snapshot
US Budget Paralysis and Its Ripple Effects The United States is navigating a period of budget paralysis as lawmakers clash over spending plans and the debt situation. With political gridlock threatening to stall funding for government programs, markets watch closely for signs of a shutdown, potential furloughs for non-essential workers, and volatility in financial indicators…
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IMF Review Begins for Pakistan’s $7 Billion Loan and RSF: Revenue Shortfalls and Green Refineries
IMF Review Begins for Pakistan’s $7 Billion Loan and RSF The IMF has started formal discussions with Pakistan’s economic authorities to review progress on the $7 billion Extended Financing Facility (EFF) and the $1.1 billion Resilience and Sustainability Facility (RSF). The two-week mission, which began with an opening meeting in Islamabad, will run through critical…
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Pakistan IMF Review Talks Begin on $7 Billion Loan and RSF
Kick-off in Islamabad: IMF Review Opens Focus on a $7 Billion EFF and RSF An IMF mission formally kicked off its review of Pakistan’s economic program, meeting with the country’s economic team to assess progress on the $7 billion Extended Financing Facility (EFF) and the $1.1 billion Resilience and Sustainability Facility (RSF). The talks mark…