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Paraguay becomes second country to propose a bill to make Bitcoin legal tender

Paraguay becomes second country to propose a bill to make Bitcoin legal tender Manas Tiwari Paraguay South American nation, Paraguay has become the second country after El Salvador to propose a bill to make Bitcoin legal tender. The bill in support of the cryptocurrency was proposed on Thursday night. The bill proposal was confirmed by a member of parliament Carlitos Rejala who has been a supporter of Bitcoin and has shot into global fame in the past weeks. If the bill is passed, it will make Paraguay the second country to make Bitcoin its official currency. Carlitos said the bill will help position the country to trail the path of growth for the next generation. The news comes at a time when Bitcoin prices have been falling because of a major mining crackdown in China. It may provide the much-needed push to this digital currency.

Reforms programme under EFF to Pakistan is on right track: IMF s Country Representative

Daily Times April 15, 2021 The Country Representative of International Monetary Fund (IMF) in Pakistan Ms Teresa Daban Sanchez has said that the Extended Fund Facility (EFF) to Pakistan is all set to achieve some major goals including revenue base fiscal sustainability. It is being achieved through the strategy by removing exemptions and privileges, enhancing social and productive spending, coordination with provinces, and elimination of quasi-fiscal circular debt and SOE losses. She said this during a keynote session with Dr Abid Qaiyum Suleri, Executive Director, Sustainable Development Policy Institute (SDPI) on Wednesday, said a press release. Ms Sanchez added further on the occasion that the goals that are very important for the future direction of the country, also include a market determined and flexible exchange rate as well as the independent central bank with primary focus on price stability. Moreover, strengthening the social safety net to protect the most vulnerable

Pakistan set to achieve fiscal sustainability: IMF - Newspaper

ISLAMABAD: Pakistan is all set to achieve some major goals including fiscal sustainability under the Extended Fund Facility (EFF), International Monetary Fund (IMF) Country Representative Teresa Daban Sanchez said on Wednesday. Speaking at a webinar at the Sustainable Development Policy Institute (SDPI), Ms Sanchez said it is being achieved through the strategy by removing exemptions and privileges, enhancing social and productive spending, coordination with provinces, and elimination of quasi-fiscal circular debt and losses of state-owned enterprises (SOEs). The IMF representative emphasised that these goals are very important for the future direction of the country and include a market determined and flexible exchange rate as well as an independent central bank with a primary focus on price stability.

Government taking on even more debt

Government taking on even more debt
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FACTBOX 12/22/20: Latin America moves to mitigate impact of COVID-19

Argentina is issuing updates here on government measures taken against the coronavirus. March 10: The government created a ARS1.7 billion ($26 million) fund to buy equipment and medical supplies to combat coronavirus. March 17: The government announced it was increasing funding to its meal programs to secure food and income for the most vulnerable during the pandemic. March 17: The government announced that it would be excepting companies from payroll taxes and reinforcing unemployment insurance. March 20: The government set price control on a basket of basic food items to avoid speculative pricing during the pandemic. March 23: The government created an emergency family income program. Unemployed individuals would receive ARS10,000 ($151) during the month of April.

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