Michael Kugelman
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Edited works | India's Contemporary Security Challenges |
| Date of Reg. | |
| Date of Upd. | |
| ID | 3529775 |
Michael Kugelman Life story
How India-Canada ties descended into a public feud
... But that doesn t mean that it s going to be insulated from the possibility of a major crisis in relations, " says Michael Kugelman, director of the South Asia Institute at the Wilson Center think-tank in Washington...
G20 India: Can a divided group deliver results?
... Some analysts, like Michael Kugelman of the Wilson Center think-tank, say the absence of a declaration would be a setback for India and Mr Modi, as well as the G20...
Imran Khan: Is his political future over now he is in jail?
... " I think the response from the draconian crackdown has scared Khan supporters into submission, " says Michael Kugelman, director of the South Asia Institute at the Wilson Center think tank in Washington...
Crisis-hit Pakistan strikes $3bn IMF bailout deal
... " This deal gives Pakistan the economic breathing room that it so badly needs, " Michael Kugelman from the US-based Wilson Center think tank told the BBC...
How Modi and Biden turbocharged India-US ties
... It underscores just how broad and deep it has become in a relatively short time, " says Michael Kugelman of The Wilson Center, an American think-tank...
Polarised politics are tearing Pakistan apart
... " What makes this current situation unprecedented is the backdrop of other serious crisis, " says Michael Kugelman, director of the South Asia Institute at the Wilson Center...
G20: Ukraine war casts shadow over India's ambitions
... In terms of substance, the Ukraine issue will be looming over everything else, " says Michael Kugelman, deputy director at the Wilson Center think-tank...
Nupur Sharma: Prophet Muhammad row deepens India's diplomatic woes
... But in this case, expect Indian diplomats to work quickly to defuse tensions with apologies and other forms of damage control, " said Michael Kugelman, deputy director of the Asia Program at the Wilson Center think-tank...
Crisis-hit Pakistan strikes $3bn IMF bailout deal
By Annabelle Liang & Peter HoskinsBusiness reporters
Crisis-hit Pakistan has reached a staff-level agreement with The International Monetary Fund (IMF) over $3bn (£2. 4bn) of funding.
The Deal , which still needs to be approved by the global lender's board, comes after an eight-month delay.
The South Asian nation is facing its worst economic crisis since independence from Britain in 1947.
To help secure The Deal , Pakistan's Central Bank raised its main interest rate to a record high of 22% on Monday.
Pakistan's economy, which was already struggling after years of financial mismanagement, has been pushed to The Brink by a global Energy Crisis and devastating floods that hit the country Last Year .
" The economy has faced several external shocks such as the catastrophic floods in 2022 that impacted the lives of millions of Pakistanis and an international commodity price spike in The Wake of Russia's war in Ukraine, " Nathan Porter ,
" As a result of these shocks as well as some policy missteps. . Economic Growth has stalled, " he added.
Once agreed at staff level such deals are usually granted by the IMF's Executive Board. The board is expected to consider the agreement in The Coming weeks.
" This deal gives Pakistan the economic Breathing Room that it so badly needs, " Michael Kugelman from the US-based Wilson Center Think Tank told The Bbc .
" The question is if it can use this IMF deal as an opportunity to pivot from immediate relief to a long-term recovery, " he added.
Katrina Ell, a senior economist at Moody's Analytics, said: " High inflation coupled with limited foreign reserves and lacking macroeconomic stability take time and sustained fiscal discipline to overcome. "
Pakistan's annual inflation rate hit a fresh record high in May of almost 38%.
The $3bn of funding, which will be spread over Nine Months , is higher than expected.
Pakistan was awaiting the release of The Remaining $2. 5bn from a $6. 5bn bailout package agreed in 2019, which expired on Friday.
The Nation of More Than 230 million people has been struggling for years to stabilise its economy.
This year the country's Foreign Exchange reserves fell to A Level that covered less than three weeks of imports.
Deadly clashes between supporters of Pakistan's former Prime Minister Imran Khan and police have also rattled financial markets.
In May, Mr Khan was arrested on corruption charges, in a move that has since been ruled as illegal by the country's Supreme Court .
Over the Last Year the Pakistan rupee has fallen by around 40% against the US Dollar .
to help Pakistan recover from devastating floods that hit the country in 2022.
It had been estimated that it needed More Than $16bn to recover from the disaster.
Related TopicsSource of news: bbc.com
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