IMF Urges Wealth Redistribution in Pakistan

IMF Urges Wealth Redistribution in Pakistan

The IMF urges Pakistan to tax high earners and subsidize only the poor to avoid debt restructuring and also continue for the release of $1.1bn in bailout funds, as IMF Urges Wealth Redistribution.

Sri Lanka: The Great Economic Recession

Sri Lankan protesters storm PM Ranil Wickremesinghe 's office, demanding he resign [Rafiq Maqbool/AP]

Sri Lanka is witnessing the worst economic crisis in history. Varying hypotheses exist as to what brought this calamity over Sri Lanka. Internal economic policies coupled with systemic factors pushed Sri Lanka into a debt pile it does not seem to be coming out of.