From Bangladesh to Sri Lanka, India's neighbours mired in economic crises

Some are discovering the virtues of deeper integration with the country

Subhomoy Bhattacharjee New Delhi

This summer, hardly any of India’s neighbours seem to have cheerful economic data to offer.
Bangladesh has done what cash-strapped economies often do. Since the end of March it has stopped publishing its foreign exchange reserves data. As of end March 2023, it reports a forex reserve of $31 billion, just enough to meet four months of imports but the IMF has asked it to reclassify the numbers, which will take it down another $8 billion.
Pakistan has changed its finance secretary this week, with its Budget due in less than a month. The IMF bailout package is still to be finalised and will depend on how the government tackles the difficult task of cutting energy subsidies.

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First Published: May 23 2023 | 10:00 PM IST

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