Senior Fellow, Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School Former Governor, State Bank of Pakistan Formerly IMF and World Bank
Karachi, Pakistan
Joined February 2009
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Thank you @DebtCon7 for your hospitality and a great conference on sovereign debt issues. A special thanks to @mkessler_DC @LaynaMosley @upanizza @AGelpern and @FinDevLab
Closing plenary @DebtCon7 standing room only #sovereigndebt #debtcon #debtcon7 @upanizza @LaynaMosley @mkessler_DC @jzettelmeyer @KPatricio_ @rezabaqir @FinDevLab @PrincetonSovFin @GtownLawIIEL
My conversation with @AtlanticCouncil about the role of the US dollar in the global economy
As a former central bank governor of a country like Pakistan, I would say that efforts at cooperation amongst the BRICS are welcome, says @rezabaqir in a chat with @ACGeoEcon’s @KDonovan_AC at the @IMFNews headquarters.
“It may even be good for the US,” he adds.
Governments in the Middle East and beyond are increasingly using sukuk to meet their financing needs. But sukuk remain misunderstood compared to other finance instruments. Excited to share our new paper on demystifying shariah-compliant sovereign finance
okt.to/fKqZ6j
My views on a better sovereign debt restructuring framework published as a letter in the Financial Times today. Countries in debt distress need an effective global advocate to get timely debt relief from bilateral official creditors.
ft.com/content/a2924988-051c…
My conversation with @BloombergTV @VonnieQuinn on Pakistan’s post-election economic challenges. We need targeted cash transfers to support the poor after recent record inflation, an equitable tax base, and export led growth to repay foreign loans
bloomberg.com/news/videos/20…
After the elections a key decision for our policy makers will be whether and how to approach the IMF @IMFNews for a new program of assistance. A key decisions for the IMF will be whether to continue to lend to Pakistan without—or with—a debt restructuring
reuters.com/world/asia-pacif…
How do countries fare after a sovereign debt restructuring? Looking forward to this discussion on Sri Lanka as it charts its way forward in its debt restructuring. Hosted by @cal_lk at 1pm Pakistan time tomorrow (5 Sep). Registration link below.
us06web.zoom.us/webinar/regi…
I’d like to congratulate SBP @StateBank_Pak Deputy Governor Sima Kamil who completes her 3 year term today. I remember the day I asked her to consider public service and join SBP after an illustrious career in the private sector. I was honored and delighted that she accepted.1/3
At SBP she headed the dual agenda of financial inclusion & digitization. We would not have been able to achieve several milestones in these areas (Raast, Apna Ghar scheme for affordable mortgages, Banking on Equality for women’s financial inclusion, SME finance, and others)...2/3
A good factual editorial in the Business Recorder today on TERF, a policy measure introduced by @StateBank_Pak during the thick of the Covid pandemic to turn around the then gloomy economic sentiment through targeted support for new investment in Pakistan
brecorder.com/news/40251398/…
Congratulations to @FinMinistryPak @StateBank_Pak @IMFNews and @KGeorgieva for the new IMF arrangement for Pakistan. This will give the country badly needed financial protection over the next few months from political developments. At the same time we need to recognize that…1/7
With the financial cover from this IMF program, and while the country prepares for elections, it is critical that we as a country start now with a process of national debate and consensus over the key elements of the structural agenda to underpin the next reform program. 6/7
Otherwise, this 9 month IMF program, instead of being a bridge to a broader structural reform program that is owned by the people of Pakistan and delivers sustained prosperity, could risk becoming a bridge to nowhere. 7/7
My opinion piece in @dawn_com dawn.com/news/1762522
Reza Baqir retweeted
A&M’s Global Head of Sovereign Advisory Services and Managing Director @rezabaqir was interviewed by CNBC’s Capital Connection about this week's Paris Summit on the New Global Financing pact.
You can watch the full interview here: bddy.me/448IYEZ
#AMon #ParisSummit
In my interview with @CNBCi @sam_vadas this morning, I ask donor countries headed to Paris for the New Global Financing Pact: Where is the money? Billions $ were pledged to Pakistan after last year's floods but only millions have trickled in.
cnbc.com/video/2023/06/22/pa…
