Pakistan looks to be close to agreeing the terms of a bailout package with the IMF. As the price for a deal, the IMF is likely to demand a further sharp tightening in fiscal and monetary policy as well as structural reforms aimed at raising more revenue and improving the business environment.
Meanwhile, a further fall in inflation last month has increased the chance that the central bank in the Philippines (BSP) will cut interest rates soon.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.