A combination of sticky high interest rates and lackluster global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next year. | Reuters
How to mitigate the threat of severe debt distress for more vulnerable emerging economies will be a key topic in Washington, where policy makers and asset managers are meeting for the World Bank/IMF Spring Meetings this week.
A woman shops at a vegetable and fruit market in Tunis, Tunisia Jan 28, 2023. REUTERS/Jihed Abidellaoui/File photo The resilience and sustainability trust, approved a year ago, is a lending facility for climate and pandemic preparedness for low-income and some middle-income nations. Sri Lanka, Zambia and Ghana have already defaulted on their overseas debt and are working towards debt reworks with creditors, albeit slowly.
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