The
balance of payments support will help strengthen the economy whereas the housing programme will cater to the increasing demand for residential units as a result of the population growth in Mali over the years, he added.- TradeArabia News Service
The remittance by Pakistani nationals working abroad is a source of great support to Pakistani government to manage its
balance of payments. To preserve this lifeline, the Pakistani expats should be informed about the benefits of routing funds through normal banking channels and close liaison should be maintained with them wherever possible.
Given the low value-added exports and capital imports, any attempt to uplift GDP sparks fears of a
balance of payments crisis.
Pakistan requires approximately $12 billion for
balance of payments support by the end of June next year, according to the finance minister.
Sakpal said the peso would also continue to stabilize with the expected recovery of remittances from overseas Filipino workers, translating to an improved
balance of payments (BOP) position.
Economists say a
balance of payments deficit occurs when a country imports more goods, services and capital than it exports.
According to the
balance of payments, the surplus of the current account of Azerbaijan's oil and gas sector amounted to $2.84 billion in January-March 2018 ($1.5 billion in the same period of 2017).
The conventional approach to the
balance of payments assesses the current account as a function of comparative macroeconomic conditions and exchange rates, and then considers the financial account as a consequent balancing item.
Japan's BOP statistics are compiled in accordance with the sixth edition of the
Balance of Payments and International Investment Position Manual (BPM6) published by the International Monetary Fund (IMF) in 2008.
The new investment commitment from Saudi Arabia comes at a time when Egypt is facing widening
balance of payments deficit and increasing pressure on its currency.
In a statement, Moody's said that the key driver for the rating downgrade is Mozambique's deteriorating
balance of payments position and reduced capacity for the government to service its outstanding debt, as evidenced by declining foreign exchange reserves of the Bank of Mozambique and the government's decision to initiate a debt exchange offer to reduce the drain on foreign exchange reserves in coming years.