World Bank and IMF lead call for EM debt relief ahead of G20

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By Ross Lancaster
26 Mar 2020

The most vulnerable emerging market sovereigns won a lifeline on Wednesday as the World Bank and International Monetary Fund called for relief on their debt burdens.

The economic implications of the Covid-19 coronavirus’s spread and the sharp fall in the global oil markets have thrown EM funding into dire prospects.

Bond markets have become almost unnavigable in their volatility. Investors are dealing with redemption calls and quoted secondary market prices are unreliable.

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