FiscalStability

Bank of Japan's Latest Board Appointment Signals Flexibility on Interest Rate Decisions

8 days ago

The Bank of Japan (BoJ) welcomed a new board member recently, contributing to its ongoing efforts to navigate the challenges posed by a fluctuating economy. This new addition to the committee has emphasized the importance of maintaining a flexible stance regarding any future interest rate hikes, indicating that the central bank is not bound by rigid timelines for monetary policy adjustments.

Congress Backs Milei’s Bold Move: New IMF Deal for Argentina Secured

15 days ago

In a significant political development, Congress has officially endorsed President Javier Milei's controversial decree aimed at facilitating a new agreement with the International Monetary Fund (IMF). This decision comes at a critical juncture as Argentina grapples with severe economic turmoil, marked by soaring inflation and the need for urgent fiscal reforms.

IMF Reports Progress on Pakistan's Economic Review Amid Climate Financing Initiatives

20 days ago

The International Monetary Fund (IMF) announced significant advancements in its ongoing review process with Pakistan, focusing on the nation's economic stabilization amidst a challenging financial backdrop. The discussions outlined essential strategies that the Pakistani government needs to undertake to qualify for the next tranche of financial assistance, which is crucial for the country's fiscal health.

Greece Receives Upgrade in Credit Rating: A Major Step Toward Stability

21 days ago

In a significant development for its economy, Greece has received an upgrade in its credit rating, marking an important milestone on its path to recovering from a long-standing debt crisis. The upgrade, announced by a renowned credit ratings agency, is perceived as a pivotal moment that could rejuvenate investor confidence and foster economic growth within the nation.

Kazakhstan's Strategic $1 Billion Inflation-Hedging Bond Purchase: A Move Inspired by Trump's Economic Policies

29 days ago

In a bold financial maneuver reflecting contemporary market dynamics, Kazakhstan has made headlines with its recent decision to invest $1 billion in inflation-hedging bonds. This strategic undertaking, which bears an uncanny resemblance to economic policies previously championed by former U.S. President Donald Trump, aims to fortify the country's fiscal stability in the face of rising global inflation rates.

World Bank and ADB Express Concerns Over Pakistan's Revised Power Agreements

1 month ago

The Asian Development Bank (ADB) and the World Bank have raised serious concerns regarding Pakistan's recent decision to amend its electricity power purchase agreements with independent power producers (IPPs). The financial institutions worry that these revisions may prompt a significant deterioration in the country's economic stability.

Turkey Introduces 10% Minimum Corporate Tax to Reduce Budget Gap

6 months ago

In one major move to help overcome its rising budget deficit, Turkey announced a minimum 10% corporate tax. This is off the books from the 28th of September 2024 and serves as a new regulation aimed at increasing the country's revenue by making sure even the most profitable corporations contribute a share to the country's coffers.