MDBs man the decks as EM’s perfect storm breaks

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By Burhan Khadbai, Mariam Meskin, Oliver West, Ross Lancaster
02 Apr 2020

Debt relief, restructuring and trillions of dollars of official institution funding are all speeding down the tracks towards emerging markets, as the number of countries with desperate financing needs across the world rapidly stacks up. Ross Lancaster, Burhan Khadbai, Mariam Meskin, Phil Thornton and Oliver West report.

After weeks of turmoil in public funding markets, the outlook for EM is dire. A toxic mix of the coronavirus’s global spread and savage falls in the price of oil have left many EM economies on the ropes. Public market funding costs have spiked to unsustainable levels for ...

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