The document summarizes the roles and impacts of the International Monetary Fund (IMF) and World Bank in Pakistan and other developing countries. It outlines how Pakistan has frequently received loans from the IMF since 1958 to address balance of payments issues and economic crises. While IMF programs in Pakistan in the 1990s failed to achieve targets, programs in the 2000s and 2010s helped restore fiscal stability. The World Bank also introduced structural adjustment programs and shifted to providing advice, expertise, and project-linked financing for development. However, both institutions have faced criticism for negative social, environmental, and economic impacts of their policy conditions.
International Monetary Fund on Zimbabwe Dollar and Article IV - Please read the entire document and don't just preview it. It's important to not just skim this document, but to read the whole thing.
Lessons for Borrowing Policy and Subnational Risks Management - Lessons from ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Subnational Debt: the Case of the Russian Federation: John Litwack, Lead Econ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
International Monetary Fund on Zimbabwe Dollar and Article IV - Please read the entire document and don't just preview it. It's important to not just skim this document, but to read the whole thing.
Lessons for Borrowing Policy and Subnational Risks Management - Lessons from ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Subnational Debt: the Case of the Russian Federation: John Litwack, Lead Econ...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Impact of IMF loan on Pakistan's economy: In long run and short runAyesha Majid
To keep the balance of payments in check and to meet the financial obligations government of Pakistan has signed 13th bailout with IMF. This bailout has laid several conditions on the Pakistani government including those on taxes and subsidies, government spending, interest rate, foreign exchange rate and Pakistan's borrowing from China.
Whether the program turns to be beneficial or detrimental for the economy depends how the public responds to the measures and how thoughtfully the government implements it.
Fiscal Rules and Debt Restructuring: The European Union Experience - Country ...World Bank Publications
Dr. Christoph Ungerer & Dr. Lili Liu, Macroeconomics & Fiscal Management (MFM) Global Practice, Governance Global Practice, Equitable Growth, World Bank.
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Fiscal Adjustment and Subnational Borrowing Regulations: Jorge Martinez-Vazqu...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Debt Restructuring, Institutions, and Markets: Dr. Lili Liu, Global Lead, Dec...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Impact of IMF loan on Pakistan's economy: In long run and short runAyesha Majid
To keep the balance of payments in check and to meet the financial obligations government of Pakistan has signed 13th bailout with IMF. This bailout has laid several conditions on the Pakistani government including those on taxes and subsidies, government spending, interest rate, foreign exchange rate and Pakistan's borrowing from China.
Whether the program turns to be beneficial or detrimental for the economy depends how the public responds to the measures and how thoughtfully the government implements it.
Fiscal Rules and Debt Restructuring: The European Union Experience - Country ...World Bank Publications
Dr. Christoph Ungerer & Dr. Lili Liu, Macroeconomics & Fiscal Management (MFM) Global Practice, Governance Global Practice, Equitable Growth, World Bank.
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Fiscal Adjustment and Subnational Borrowing Regulations: Jorge Martinez-Vazqu...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
Debt Restructuring, Institutions, and Markets: Dr. Lili Liu, Global Lead, Dec...World Bank Publications
Presentation at Ministry of Finance, P.R. China-World Bank Summit on Subnational Debt Management and Restructuring, Nanning, Guangxi Province, P.R. China. October 22, 2015.
International Monetary System: The International Financial System - Reform of International Monetary Affairs
- The Bretton Wood System and the International Monetary Fund, Controversy over Regulation of International
Finance, Developing Countries' Concerns, Exchange Rate Policy of Developing Economies.
FULL TITLE:
What is the Cutting Edge for Microfinance in Rural Areas and Arid and Semi-Arid Land?
ROOM: Tsavo A
Translated session: English & French
PANEL:
Chair: Mr. Wolday Amha, Executive Director, Association of Ethiopian Microfinance Institution (AEMFI), Ethiopia
Panelist: Mr. Issa Barro, Inclusive Finance Specialist, United Nations Capital Development Fund (UNCDF), Senegal
Panelist: Mr. Mwangi Githaiga, Managing Director, Kenya Women Finance Trust (KWFT), Kenya
The Impact of the Financial Crisis on Public Private Partnerships
Filip Drapak, Senior PPP Specialist, World Bank
Public Private Partnerships have been an innovative technique to fund large government projects. How the financial crisis has changed this approach will be the subject of this discussion.
La pandemia di coronavirus (COVID-19) pone sfide di stabilità sanitaria, economica e finanziaria senza precedenti. A seguito dell'epidemia di COVID-19, i prezzi delle attività a rischio sono crollati e la volatilità del mercato è aumentata vertiginosamente, mentre le aspettative di inadempienze diffuse hanno portato a un aumento dei costi di indebitamento. Le decisive azioni di politica monetaria, finanziaria e fiscale volte a contenere le ricadute della pandemia e sono riuscite a stabilizzare gli investitori tra la fine di marzo e l'inizio di aprile. I mercati hanno recuperato alcune delle loro perdite.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
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how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)
Pep final ppt
1.
2. Founding Father of both
the World Bank and the
International Monetary
Fund (IMF).
John Maynard Keynes.
Harry Dexter White.
3. International
Monetary Fund World Bank
IMF came into Existence
on 1945 with 29 member
countries with a goal of
reconstructing
international payment
system.
It now plays central role
in the management of
Balance of Payments
deficit and international
financial crisis.
World Bank created on 1944.
Working for a world free of
poverty.
4. Basic Differences between
IMF World Bank
Oversees the International
Monetary System.
Provides Short to Medium
term credits.
Assists all member
countries that are facing
difficulties in Balance of
Payments.
Generate its financial
resources mainly through
the quota system of its
member countries
Promote Economic
Development of the
developing countries.
Provides long-term
financing of developments
projects.
Assists developing countries
whose per capita GNP is less
$865 a year.
Raises most of its funds on
the world’s financial market
by selling world bank bonds
to investors.
5. International Monetary Fund (IMF)
• Voting power
• Effects of the quota system
• Inflexibility of voting power
• Overcoming borrower/creditor division
World bank
• Voting power
6. Programs of IMF in Pakistan
Pakistan’s relationship with the IMF dates back to 1958.
However, the association deepened with the structural
Adjustment Program of 1988.
Pakistan is one of those countries that have frequently
approached the IMF for standby loans, adjustment lending
and Economic stabilization packages
In 1988, when loan of US$516 Million was extended to
Pakistan. It was the largest loan advanced by the Fund to
any country under this Facility. It was a “soft loan but
with hard adjustment” as interest rate was low but
conditions attached were severe.
Pakistan entered into nine different agreements with the
IMF during the period 1988- 2000.
7. The 1990s, was a ‘lost decade’ for Pakistan’s economy. During the
1990s, growth in per capita income dropped to slightly over 1%.
Poverty resurfaced and about one third of the population now
lives below the poverty line of $ 1 per day.
The structural Adjustment Facility program (SAF) was introduced
by the IMF in 1988 however, the Program failed to achieve the
targets. The objectives of the program were consistent with the
earlier program:
reducing budget deficit,
bringing down public expenditures through elimination of
subsidies,
increasing Foreign exchange reserves,
reducing external debt
8. In May 1998, Pakistan declared itself a nuclear state and foreign
currency accounts were frozen to avert the likely outflow of capital
from the country. There was military takeover in Oct 1999. The balance
of Payment position had deteriorated badly. Pakistan, therefore, again
approached the IMF once again for standby loans in 2000.
The structural Adjustment Facility program (SAF) was introduced by
the IMF in 1988 however, the Program failed to achieve the targets.
The conditions attached with the Adjustment Package were
incorporated in the budget of 1989-1990. General sales Tax was
imposed through the Sales tax Act 1990. The government reduced the
support price for essential crops like wheat, cotton, sugarcane and
oilseeds.
9. The economy took a kick-start and till 2007, Pakistan was
enjoying high growth rates. Pakistan did not even withdraw
the last two installments from IMF, claiming that the
country has regained its economic sovereignty and loans
from the Fund were no longer required.
The macroeconomic situation, however, deteriorated
sharply since 2007/2008. Thereby, Pakistan had to embark
on a stabilization program for 2008-2009 and 2009-10. The
program aimed at restoring fiscal stability. The
stabilization program called for tightening of monetary
and fiscal policy in order to bring down inflation and
strengthen external position
10. 2013-2016
International Monetary Fund (IMF) had reviewed
Pakistan's economic performance according to which
it will make available a further $510 million to the
country as part of a three-year, $6.4 billion financial
assistance program.
Pakistan received its final payment of $102 million
tranche in October 2016. According to Christian
Lagarde, Completion of the IMF programme reflects
very positively on Pakistan.
11. IMF stated that all end-March 2016 quantitative
performance criteria, including the budget deficit
target and the floor on the SBP’s net international
reserves, have been met.
The agreement was reached after the IMF mission held
discussions with Finance Minister Ishaq Dar, SBP
Governor Ashraf Wathra and other senior officials in
Dubai from May 2 to May 11.
12. Programs and Impacts of World
Bank
Structural adjustment polices(SAP)
1)saps have been imposed to ensure debt repayment and
economic restructuring.
2)it also introduced structural adjustment programs
(saps) in developing countries so that not only
macroeconomic stability can be attained but also
structural reforms aimed at accelerating growth can be
undertaken.
3) it has shifted its emphasis from the financing on
specific projects towards non-project linked programs. It
works in developing economies with the focus of helping
the poorest people and the poorest countries.
13. Reducing of Black Money
Operation
1)world bank programs are also found to have a
significantly positive influence on the difference
between the official and the black market exchange rate.
2)although the bank does not directly force countries to
devalue their currencies, some adjustment programs aim
at liberalizing the exchange rate .
as a consequence, overvalued currencies may devalue
which decreases the black market premium.
14. Knowledge Bank
The Bank provides advice and expertise.
It now puts more emphasis on institutional technical
assistance and infrastructure assistance.
Over the years, it has been able to generate and disseminate
policy relevant knowledge.
Today, it has been concentrating more on this asset rather
than financial resources. This organization is now called
the ‘knowledge bank’.
The number of programs in operation increases economic
freedom due to either the direct effect of conditionality on
policies or to the transfer of knowledge and advice, which
increases with the number of contacts between a recipient
country and the IMF or World Bank.
15. Negative Impacts of World Bank
Social and environmental concern
1)about the types of development projects funded. Many infrastructure
projects financed by the world bank group have social and
environmental implications for the populations in the affected areas
and criticism has centered on the ethical issues of funding such
projects.
For example, world bank-funded construction of hydroelectric dams in
various countries has resulted in the displacement of indigenous
peoples of the area.
2)the bank’s role as a central player in climate change mitigation and
adaptation efforts is in direct conflict with its carbon-intensive lending
portfolio and continuing financial support for heavily polluting
industries, which includes coal power.
3)world bank working in partnership with the private sector may
undermine the role of the state as the primary provider of essential
goods and services, such as healthcare and education, resulting in the
shortfall of such services in countries badly in need of them.
16. Abetting environmental
destruction:
1)No assessment for the environmental worthiness and
impact of financial investments.
2) Civil society groups see the Bank as unfit for a role
in climate finance because of the conditional ties and
advisory services usually attached to its loans
17. Controlling foreign direct
investment:
approval in the case of developing countries.
World Bank and the IMF are concerned about the
‘conditionalities’ imposed on borrower countries. The
World Bank and the IMF often attach loan
conditionality based on what is termed the
‘Washington Consensus’, focusing on liberalization—
of trade, investment and the financial sector—,
deregulation and privatization of nationalized
industries.
18. Political and bureaucratic control of developed
countries over developing countries:
1) The design of loan conditionality is intrinsically
highly political because it involves policies and
processes which affect the welfare of most people and
thus changes the power balances between the political
actors involved in the domestic democratization
process.
19. Ten Reasons to Abolish the IMF
1. Immoral system of modern day colonization.
2. Serves wealthy country members.
3. Imposing a fundamentally flawed development
model.
4. A secretive institution.
5. Policies promote corporate welfare.
6. Unsatisfied workers due to IMF’s policies.
7. IMF’s policies affect women the most.
8. IMF’s policies affecting the environment.
9. The IMF bails out rich bankers.
10. The IMF’s bail outs deepen, rather than, solving
economic crisis.