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NEW YORK (Reuters) - Foreign net flows to emerging market equity and debt portfolios slowed in March to their weakest in almost a year as rising U.S. yields continue to weigh on EM, with flows excluding China barely making a blip last month, data from the Institute of International Finance showed on Monday.
The net estimated $10.1 billion in flows in March was the lowest monthly figure since April 2020 and compares with a downwardly revised $23.4 billion net inflows in February.
China took in nearly 90% of net flows last month with $3.8 billion going to equities and $5 billion to Chinese debt instruments. Excluding China, EM equities funneled $0.2 billion while $1.2 billion flowed to non-Chinese debt.
John Oliver digs into the surplus of crap that is the GOP s sudden national debt alarmism
Screenshot: Last Week Tonight
“I don’t know,” is a blessed phrase all too infrequently uttered in this age of sneering snap judgements and people who think a farting Peter Griffin gif is a killer comeback to one’s nuanced point about social justice. And yet,
Last Week Tonight’s John Oliver readily admitted, partway through his Sunday main story about the national debt, that he truly doesn’t know all the ins and outs of whether America’s current $28 trillion debt is the sort of red alert a number that big sounds like. Even if, Oliver notes, he’s the sort of guy who looks like he has thoughts about the relative merits of different brands of graphing calculator, he’s a late-night comedian, and not an economist. (Who also occasionally screws with the purveyors of Big Debt.) The thing is, anyone who examines the complex issue of debt and deficits (there’s a difference, as Oliv
WASHINGTON - World Bank President David Malpass said Monday he expects G20 countries this week to extend debt payment moratorium for the poorest countries until the end of the year.
General Assembly: Informal Plenary Meeting on G20 summit Preview Language: English 01-Apr-2021 01:44:51 Briefing by G-20 Sherpa of Italy, His Excellency Luigi Mattiolo, the Sherpa of the Group of 20 of Italy, on the priorities of the G-20 - Informal meeting of the plenary, 75th session.
Available Languages: Six Official
By Reuters Staff
1 Min Read
FILE PHOTO: World Bank President David Malpass attends the 1+6 Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence Lo/File Photo
WASHINGTON (Reuters) - World Bank President David Malpass on Monday said he expects China, the United States and other Group of 20 major economies to extend a freeze in bilateral debt service payments through the end of 2021 when they meet this week.
The G20 Debt Service Suspension Initiative had already helped countries defer some $5 billion in payments through the end of 2020, with another $7.3 billion in deferred payments expected through June, Malpass told reporters.