Shadow of crisis

THE latest staff-level agreement between the IMF and Pakistan could not have come at a more volatile moment. What might otherwise have been read as a routine milestone under the IMF’s balance-of-payments and climate change-support facilities is now entangled with the geopolitical shock from the US-Israel war on Iran, a conflict rapidly reshaping economic realities far beyond the region. At the heart of the crisis lies the disruption of energy flows through the Strait of Hormuz. Any sustained ...

By none@none.com (Editorial)