International Monetary Fund chief Kristalina Georgieva said on Wednesday she was 'very optimistic' about reaching a lending arrangement with Zambia, one of just three countries that has sought debt restructuring under a G20 framework.
International Monetary Fund chief Kristalina Georgieva said on Wednesday she was "very optimistic" about reaching a lending arrangement with Zambia, one of just three countries that has sought debt restructuring under a G20 framework.
Finding themselves at the sharp end of a global inflation shock, emerging market central banks are expected to raise interest rates at a pace not seen in more than a decade moves bound to aggravate debt problems and hurt equity markets.
Higher rates and inflation pressures weighed on emerging market stock flows in October while overall flows to China rebounded, data from the Institute of International Finance showed on Tuesday.
Emerging market stocks fell for a fourth straight session on Friday and were headed for their biggest weekly drop in six, as investor sentiment soured after weak results from Amazon and Apple.