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After a grim couple of years for developing countries, with rapid interest rate rises prompting a string of defaults, investors say the coming wall of debt maturities looks to be surmountable. ...
Turkey's pivot back to orthodox fiscal policies could pay off with record debt issuance and the continued return of foreign investors in 2024, JPMorgan Managing Director Stefan Weiler told Reuters. ... -December 21, 2023 at 02:00 am EST - MarketScreener
After a grim couple of years for developing countries, with rapid interest rate rises prompting a string of defaults, investors say the coming wall of debt maturities looks to be surmountable. Principle payments of emerging markets' sovereign Eurobonds will spike to $78.4 billion in 2024, from $43.6 billion this year, according to JPMorgan. They say the U.S. Federal Reserve's recent pivot away from monetary tightening is likely to unleash more cash for riskier assets, including emerging market debt.
By Libby George LONDON (Reuters) - After a grim couple of years for developing countries, with rapid interest rate rises prompting a string of default...
Ethiopia is in talks with the International Monetary Fund to borrow around $3.5 billion under a reform programme, three sources familiar with the matter told Reuters. A group of Ethiopia officials...