News Snapshot:
michael d patra: Some of the South Asian economies need urgent access to multilateral help: Michael D Patra Countries reminiscent of Pakistan and Sri Lanka confronted score downgrades by varied exterior credit standing companies limiting their access to worldwide monetary markets which can extend their financial restoration. The tightening world situations have led to wider present account deficits, capital outflows, excessive volatility in home monetary markets and losses of reserves whereas amplifying exterior vulnerabilities, creating challenges for the South Asian bloc. “Some of us are also experiencing debt distress. Access to international financial markets, constrained by rating downgrades by various...
