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IMF

Reforms in states

The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.

Promises in Peril

Anura Kumara Dissanayake’s meteoric rise to the presidency in Sri Lanka has been followed by a sobering realisation: the promises made during a campaign in the heat of a national crisis are far easier to make than to keep.

Pak banks on Saudi Arabia to avoid default

In what appears to be an alternative to the International Monetary Fund (IMF), Pakistan Finance Minister Ishaq Dar expressed hope to receive a $3 billion second bailout from Saudi Arabia within days, vowing to raise money through sale of assets to beef up the critically-low foreign exchange reserves.