As poor nations' default wave peaks, cash shortage could take its place
sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks.
But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies — setting back development, stunting climate change mitigation and fuelling distrust in governments and Western institutions.
The issue, and what to do about it when western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings taking place in Washington, D.C. this week.
«It's a challenge in the sense that for many, debt service has grown, borrowing has become more expensive, and external sources (have become) less certain,» said Christian Libralato, portfolio manager with RBC BlueBay.
The U.S. Treasury's top economic diplomat has called for new ways to provide short-term liquidity support to low- and middle-income countries to head off debt crises.
Finance
A2Z Of Finance: Finance Beginner Course
By — elearnmarkets, Financial Education by StockEdge
Finance
Financial Reporting and Analytics
By — Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
By — Metla Sudha Sekhar, IT Specialist and Developer
Strategy
ESG and Business Sustainability Strategy
By — Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader
Artificial Intelligence(AI)
