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Patra Economy By mark steven On Aug 26, 2022 2 0 Some of the South Asian economies need urgent access to multilateral support to improve their external liquidity and financing conditions, Reserve Bank of India deputy governor Michael D Patra said. (adsbygoogle = window.adsbygoogle || []).push({}); Countries such as Pakistan and Sri Lanka faced rating downgrades by various external credit rating agencies limiting their access to international financial markets which may prolong their economic recovery. The tightening global conditions have led to wider current account deficits, capital outflows, high volatility in domestic financial markets and losses of reserves while amplifying...
