Navigating economic crisis with the State Bank of Pakistan

Following calamitous floods and economic losses in the tens of billions of dollars, Pakistan’s economy is in crisis. With high food and fuel prices, rolling blackouts and a shortage of foreign currency risk, the country is on the path to sovereign default and extreme hardship.

In this dire situation, what solutions exist for Pakistani policy-makers and the central bank? What will it take to unlock International Monetary Fund loans and address structural and economic problems? Reza Baqir, former governor of the State Bank of Pakistan, joins Mark Sobel, US chair of OMFIF, in a high-level discussion on the Pakistani economy and the policy options at their disposal.

Timings:
15:00-16:00 (London)
10:00-11:00 (New York)
23:00-00:00 (Singapore)

Speaker:
Reza Baqir, former Governor, State Bank of Pakistan

This meeting will be conducted under the OMFIF Rules.

This virtual discussion is part of the OMFIF Institute for Economic and Monetary Policy, OMFIF’s core stream of activities covering economic and monetary policy and the political economy. OMFIF is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for best practice in worldwide public-private sector exchanges worldwide. For membership enquiries please contact Jamie.bulgin@omfif.org, or for further information please see the OMFIF website.