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South Asia Should Watch Debt Sustainability: World Bank

by NEWSROOM


Chennai: Supported by India’s growth forecast, South Asia is expected to grow faster than any other developing region in 2024. However, rapid increases in debt levels could raise concerns about the region’s debt sustainability, transparency, and fiscal stability, finds the World Bank.

The region’s total long-term public and publicly guaranteed (PPG) external debt has nearly doubled over the past decade, from $221.3 billion in 2012 to $418.6 billion in 2022.

Of the external debt, excluding that from IMF, India accounts for $205 billion,…



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