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The Quad should help South Asia with a currency swap plan

Financial aid in coordination with IMF would show bloc transcends military concerns

| South Asia
Finance chiefs from ASEAN nations, China, South Korea and Japan attend a news conference after the Asian Development Bank annual meeting in Chiang Mai in May 2000: Their agreement can be a blueprint for the Quad.   © Reuters

Akhil Bery is director of South Asia initiatives at the Asia Society Policy Institute in Washington.

Sri Lanka's default on its international borrowings has put the spotlight on other emerging and frontier market economies, amid concerns that other dominoes could fall, especially among its neighbors in South Asia.

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