By Daniel Hunter
South Asia is regaining its economic momentum, but the recovery in the world’s region with the largest number of poor people could falter in the absence of a stronger investment climate, said the latest South Asia Economic Focus report of the World Bank.
According to the report, the combined growth of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka was just 4.7% in 2012, substantially below pre-crisis levels. A pick-up to 5.5% can be expected in 2013 with ongoing efforts to regain fiscal space and boost private investment. But given the uncertain global environment, it will be important to strengthen the investment climate.
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