Worst yet to come for developing economies, BIS warns July 1, 2021 LONDON: Developing countries have not yet felt the full economic impact of the coronavirus crisis, but will not be able to rely on the world’s leading central banks for support as they take their stimulus from the pandemic era, the head of Bank for International Settlements warned. Agustín Carstens, chief of the BIS, the bank for central banks, said developing economies were almost exhausting their ability to borrow and use fiscal and monetary policy. ‘They have to face the music of how to get growth going [with] all th...