Latest news with #IMFandWorldBank
Express Tribune
23-04-2025
- Business
- Express Tribune
Pakistan showcases economic turnaround
Finance Minister Muhammad Aurangzeb is interviewed during the G20 Finance Ministers and Central Bank Governors' Meeting at the IMF and World Bank's 2024 annual Spring Meetings in Washington. PHOTO: REUTERS Listen to article The embassy of Pakistan in Washington DC hosted an economic dialogue on the sidelines of the IMF and World Bank Spring Meetings, bringing together Pakistan's economic leadership, global financial institutions, and corporate representatives from the US. The event showcased Pakistan's remarkable economic turnaround and its potential as a global investment destination. Finance Minister Muhammad Aurangzeb, in his address, emphasised the pivotal role of the private sector in driving Pakistan's economic future, stating that the government's role was to provide policy frameworks and ensure continuity. He described the shift as a "mindset and societal change," likening it to the transformative impact of artificial intelligence. He responded to questions related to the ease of doing business and reiterated the commitment to reforms. The finance minister identified population growth and climate change as two major challenges and called for private sector collaboration in different projects by leveraging the available financing and technical expertise. He reaffirmed the PM's vision of running Pakistan as "Pakistan Inc" with the government acting as public servants to facilitate investors. Ambassador Rizwan Saeed Sheikh highlighted Pakistan's geostrategic and geo-economic significance as a market of 250 million people and a gateway to Central Asia, China, the GCC, and Afro-Asian regions.
Yahoo
23-04-2025
- Business
- Yahoo
Semafor releases 'The Semafor View,' an annual provocation on the state of the global economy
Semafor today announces the release of The Semafor View, a 40-page report on the state of the global economy at a moment of unprecedented turmoil. Published online and in print, the report debuts alongside Semafor's 2025 World Economy Summit — the largest gathering of Fortune 500 leaders in the U.S. — held this week in Washington during the IMF and World Bank Spring Meetings. The summit brings together public and private sector leaders — including U.S. Cabinet officials, congressional leadership, global finance ministers, and central bankers — to advance dialogues that catalyze global growth and fortify resilience amidst uncertain, shifting global dynamics. Crafted as a concise, fact-rich, and thought-provoking guide for time-strapped CEOs, serves as an authoritative forward-looking text in a moment of tough decisions. The report, released in collaboration with Infosys, a global leader in next-generation digital services and consulting, builds on the success of Semafor Business, the World Economy Summit, and The CEO Signal, Semafor's exclusive invite-only multiplatform membership for chief executives of the world's largest companies, underscoring Semafor's dedication to providing independent, transparent, and global insights to a decision-maker audience through its journalism. is edited by former WIRED editor-in-chief Gideon Lichfield and Semafor business editor Liz Hoffman. Contributors include , 2024 Nobel Laureate in Economics, who discusses how an AI bust could trigger the next financial crisis; , founder of Exponential View, who examines how AI threatens the 'moats' of big corporations; Infosys Knowledge Institute on the metamorphosis of AI from orchestration to innovation; , author of Sinocism, who provides insight into China's tightrope walk between economic liberalization and state control; , CEO of Palantir, who addresses why Silicon Valley needs to shed its qualms about defense tech;, chair of Saïd Business School at the University of Oxford, who discusses how the CEO is now the Chief Diplomatic Officer; , 2001 Nobel Laureate in Economics, who outlines Europe's opportunity to thrive in this crisis; and , vice chairman of S&P Global, who covers the new balance between renewable energy and fossil fuels. features essays, industry projections, and insights across seven areas dominating the global agenda: Energy: The new balance of power Finance: The search for safe havens Europe: Pull together or fall behind China: The cautious superpower Defense: Multipolar muscle Leadership: The changing role of the CEO Artificial Intelligence: Boom versus bubble. The report will be available in print at Semafor's World Economy Summit, which will be the largest gathering of Fortune 500 leaders in the U.S. The speaker lineup includes leaders from the G20 including: Rachel Reeves, the U.K.'s top finance official; Jörg Kukies, the German finance minister; Éric Lombard, who runs France's finances; Carlos Cuerpo, Spain's economy minister; and Valdis Dombrovskis, the EU's top economic commissioner. They will appear alongside over 200 of the world's top CEOs. The powerhouse lineup of global business leaders features Mary Barra, Chair and CEO of General Motors; Ted Sarandos, Co-CEO of Netflix; Evan Spiegel, CEO of Snap; Dara Khosrowshahi, CEO of Uber; Brian Moynihan, Chair and CEO of Bank of America; Kathy Warden, Chair, CEO, and President of Northrop Grumman; Scott Kirby, CEO of United Airlines; and Adena Friedman, Chair and CEO of Nasdaq. The three day summit is co-chaired by titans of finance and business, David Rubenstein, Henry Kravis, Ken Griffin, and Penny Pritzker.
Ya Biladi
22-04-2025
- Business
- Ya Biladi
Morocco : IMF projects growth of 3.9% in 2025 and 3.7% in 2026
Morocco is projected to achieve a growth rate of approximately 3.9% this year and 3.7% in 2026, according to projections released by the International Monetary Fund (IMF) on Tuesday. In an update to its «World Economic Outlook», the financial institution forecasts an inflation rate of 2.2% in 2025 and 2.3% the following year. According to these projections, made public during the IMF and World Bank Spring Meetings held in Washington from April 21 to 26, the unemployment rate, which reached 13.3% in 2024, is expected to slow down to 13.2% this year before dropping to 12.9% in 2026. The IMF further anticipates that Morocco's current account balance will be -2.0% in 2025, then -2.2% the following year. As for the Middle East and North Africa region, growth, which stood at 1.8% in 2024, is expected to rise to 2.6% in 2025 before increasing to 3.4% the following year. These forecasts represent a downward revision of the Fund's estimates for this region published last October. Initially, they ranged from 2.1% in 2024 to 4.0% in 2025.
