IMF programme to reduce external financing risks: Moody

MG News | November 15, 2018 at 03:45 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 15, 2018 (MLN): Moody’s recent report on Emerging Markets suggests that slower global growth, rising interest rates, trade protectionism and geopolitical tensions pose challenges for emerging markets in 2019.

According to the report, Pakistan's reserves adequacy is among the lowest of rated sovereigns, covering less than two months of imports as of September 2018.

Although the share of foreign currency debt is relatively low at around 35% of total government debt, declining foreign reserves because of a current account deficit of around 4%-5% of GDP raise repayment risks.

It is expected that the EVI will rise to 153% in 2019. Furthermore, successful negotiations for a new IMF programme would reduce external financing risks.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,715.00	77,940.00 76,490.00	-980.00 -1.26%
BRENT CRUDE	102.65	106.36 101.34	0.07 0.07%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	96.10	99.43 94.73	-0.25 -0.26%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%