IMF: Today the Executive Board of IMF approved a 9- month Stand-By arrangement for Pakistan for an amount of SDR 2,250 million to support the authorities’ economic stabilization program.
i think it s a sort of vote of confidence but we have to look at the interest rates, deeply negative. currencies like the lira, we have to look at the foreign exchange reserve. at the end of the day, political stability is a big driver of capital flows so hopefully this will give investors some hopes, particularly foreigners into the currency, but we have to watch how the market reacts. financial markets are closed for public holidays in the us and uk. hong kong reports trade data from april as they recover from extended coded lockdowns. covid lockdowns. china saw a
i think it s a sort of vote of confidence but we have to look at the interest rates, deeply negative. currencies like the lira, we have to look at the foreign exchange reserve. in the short term, the strong tourist season can boost this. at the end of the day, political stability is a big driver of capital flows so hopefully this will give investors some hopes, particularly foreigners into the currency, but we have to watch how the market reacts. almost three quarters of organisations in india were hit with ransomware attacks last year according to a british cybersecurity firm, which warns of a huge uptick on the
As the gap between the key interest rates of Korea and U.S. has expanded to a historic high, market watchers are debating whether the country holds enough foreign exchange reserves to weather external shocks.