By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]

Sri Lanka has a series of so-called 'low hanging fruits' which can be sold down

Gross Financing Need projected to be over 30-pct of GDP without re-structuring

"But this time, because of this special situation that money can be used to finance the fiscal deficit as well."

It is through open market operations that money is printed to mis-target interest rates

The central bank is now borrowing mainly through the ACU

 (Reuters) – Argentina’s government plans to use foreign currency reserves again next year to pay off a portion of its debt, Pagina 12 newspaper reported on Friday, citing Deputy Economy Minister Roberto Feletti. The government submitted its 2012 budget bill to Congress late on Thursday but journalists had no access to the text. The bill was expected ...

Economist Dr. Amal Sanderatne of Frontier Research referring to the article that appeared on these pages under the heading “Doomsday Soothsayers” last week alleged that since the release of his report averred to in that article, the value of banking stock, upto last Friday had fallen by 5.8%, whereas the benchmark ASPI in the period ...