Ukraine beats path to IMF as pandemic hammers EM bonds
The pace of emerging markets borrowers’ requests for official institution funding, amid the shocking deterioration of their bond markets, is picking up pace. On Sunday, Ukraine's president Volodymyr Zelensky said that he had discussed using International Monetary Fund resources to fight the economic impact of Covid-19.
After a torrid week for EM assets, with some sovereign issuers seeing their bond prices plummet to semi-distressed levels, official institutions are set to play a big role for borrowers in need of capital.On Sunday, Zelensky said ...
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