Economic stress in India's neighbourhood

Crises in Sri Lanka, Bangladesh and Pakistan reveal their structural weaknesses

Looking back, this month has been dominated by India’s emergence as the “voice of the Global South”, clearly reflected in its success in steering the G20 summit meeting back on track to the economic agenda, especially in bringing the contemporary development concerns to the fore.

While climate change issues and reforms of Multilateral Development Banks have gained maximum traction, an equally significant development has been the successful debt treatment agreement reached by Zambia with its creditors under the G20 Common Framework.  A coordinated mechanism has also been put in place to address debt restructuring for Sri Lanka, one of the