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	173,962.82 313.69M	1.30% 2237.52
ALLSHR	104,178.62 550.40M	0.93% 964.13
KSE30	52,166.33 164.58M	1.26% 649.19
KMI30	250,496.48 141.11M	1.59% 3930.77
KMIALLSHR	67,844.06 318.73M	1.20% 801.29
BKTi	47,430.11 44.68M	0.28% 130.40
OGTi	36,386.96 9.01M	0.13% 45.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,750.00	74,260.00 73,715.00	35.00 0.05%
BRENT CRUDE	91.89	92.95 89.93	-0.81 -0.87%
RICHARDS BAY COAL MONTHLY	117.00	0.00 0.00	-0.75 -0.64%
ROTTERDAM COAL MONTHLY	130.25	131.75 130.00	-0.20 -0.15%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	87.76	0.00 0.00	0.40 0.46%
SUGAR #11 WORLD	14.07	14.35 13.90	0.14 1.01%