IMF’s Special Drawing Rights (SDR) Basket
SDR – IMF’s international reserve asset Is based on a basket of five currencies, With following weights – from 01.08.2022, The basket is reviewed quinquennially.
Pakistan & IMF – Who Failed Whom?
July 3, 2019 – IMF board approves loan to Pakistan. 1st review meet – completed on Dec 19, 2019 – Combined Second, Third, Fourth, and Fifth Reviews – completed on March 24, 2021 6th review meet – completed on February 2, 2022…
Pakistan in Financial Crisis
Foreign public debt – $84.5bn Foreign public debt is 30% of GDP. Got 13th bailout package from the IMF since 1980 to handle the current financial mess. US$6 Billion was the bailout package that the country got in July 2019….