South Asia is expected to remain the world’s fastest-growing region, thanks to robust growth in India. However, this strong outlook is deceptive. For most countries, growth is still below...
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Numerous structural vulnerabilities put developing regions at a disadvantage as they confront the prospect of increasingly frequent extreme shocks. Typical of these regions, South Asia had...
The Sri Lanka Development Update (SLDU) has two main aims. First, it reports on key developments over the past 12 months in Sri Lanka’s...
At just under six percent, South Asia is expected to grow faster than any other developing country region this year—but slower than its pre-pandemic pace and not...
Sri Lanka’s longstanding structural weaknesses, which were elevated by a series of exogenous shocks, plunged the country into a severe economic crisis. Poor governance, a restrictive trade...
Sri Lanka is facing an unprecedented macroeconomic crisis. Years of fiscal indiscipline and risky commercial borrowing have led to unsustainable levels of public debt. Official reserves...
South Asia is facing renewed challenges. The impact of the Russia-Ukraine war on food and energy prices on domestic inflation is long-lasting. Externally, countries’ current account balances deteriorate...