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Pakistan will be optimistic about its IMF talks

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PAKISTAN

Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…

Election plans carry risks for Sri Lanka’s leader

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SRI LANKA

According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…

Austerity will bring political challenges in Sri Lanka

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SRI LANKA

The government’s commitment to fiscal consolidation is aimed at pleasing the IMF, with which Sri Lanka recently reached a staff-level agreement on a four-year, USD2.9bn bailout…

Vietnamese growth will attract more investment

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VIETNAM

Vietnam economic outlook.

Prospects for India in 2022

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PROSPECTS 2022

Meanwhile, GDP is projected by the Reserve Bank of India (RBI) to grow by 9.5% in the fiscal year ending March, rebounding from its 7.3% contraction in 2020/21. Economic goals…

Delhi may choose bank reform over stimulus package

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INDIA

INDIA: Bank reform may be chosen over stimulus package

India will stick to prudence amid fiscal crisis

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INDIA

Meanwhile, the government is under pressure to raise expenditure to help ease the pandemic-related economic crisis. Delhi is reluctant to borrow more, as an increase in public…

India’s budget plan risks being self-defeating

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INDIA

Total expenditure is projected at INR39.5tn (USD524.4bn), about 5% higher than the revised estimate for 2021/22. However, capital expenditure (capex) is expected to be more than…

India will struggle to rein in fiscal deficit

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INDIA

The fiscal deficit is projected to be 9.5% of GDP in 2020/21 -- compared with a budgeted 3.5% -- narrowing to 6.8% in 2021/22 and 4.5% by 2025/26. The government is counting on…