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World’s Emergency-Lending Capacity Is Getting Stretched as Crises Deepen
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wsj.comWASHINGTON—Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the International Monetary Fund and World Bank—are getting quickly committed.
Lending by the pair has reached a record as they help poor and emerging countries cope with the pandemic, soaring energy costs and the fallout from Russia’s invasion of Ukraine.
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