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Category: Policy Note

Illustration of a globe partially submerged in stormy water with falling red graphs and a dark city skyline, representing the risk of a global recession in 2026

Global recession risk 2026 remains elevated despite moderate growth forecasts. This analysis examines early warning indicators, financial and fiscal vulnerabilities, and coordinated policy responses for central banks and finance ministries

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Illustration showing floods, wildfires, damaged infrastructure, falling fiscal indicators, and stacked coins, representing climate adaptation fiscal risk

Climate adaptation fiscal risk is emerging as a central challenge for emerging economies. This policy note examines how rising adaptation spending pressures public budgets, interacts with debt sustainability, and reshapes

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Gold silver price surge illustrated with gold bars, silver coins, and a rising global chart against a world map, highlighting monetary and financial policy signals

Gold silver price surge in 2025 highlights rising geopolitical tensions, Federal Reserve rate cut expectations, and growing safe-haven demand. This policy note explains record gold and silver prices and what

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PIA aircraft shown at the center of a policy visual illustrating Pakistan’s Rs 135 billion privatization deal, highlighting fiscal pressure and reform risks

The PIA privatization deal at Rs 135 billion is a landmark Pakistan SOE reform. This policy note examines the deal structure, fiscal risk transfer, IMF reform alignment, governance challenges, and

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Illustration of Khyber Pakhtunkhwa institutional crisis showing a government building fractured by overlapping security, fiscal, and governance stresses

The Khyber Pakhtunkhwa crisis represents a multi-layered breakdown of governance, economic stability, and social cohesion. This policy note examines how security disruptions, poverty, corruption, and youth vulnerability reinforce institutional decay,

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Energy subsidy reform illustrated by fuel pump redirecting funds toward government budget and renewable energy sources

Energy subsidy reform is critical for fiscal stability and efficient energy markets. This policy note examines fiscal costs, reform pathways, and global signals shaping energy pricing reform in emerging economies,

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