Risk of defaults rises in emerging markets

Risk of defaults rises in emerging markets

International Monetary Fund (IMF) World Bank Moody's Investors Service Economy & Policy Debt Latin America

The global economic slowdown that began this year coupled with rising inflation and interest rates is raising the threat of a sovereign debt crisis in emerging markets, but most countries in Latin America likely will keep on top of their payments, experts said on Tuesday. “We do not expect a widespread emerging market debt crisis,” Elena Duggar, chief credit officer for the Americas at Moody’s Investors Service, said at a debt restructuring seminar at the annual meeting of the International Mone

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