July 28, 2021

G20 tackles mounting pile of emerging market debt

If the dollar follows U.S. interest rates higher, some emerging markets’ credit ratings would probably also be cut, raising their borrowing costs and potentially making financial bailouts necessary, Agustin Carstens, general manager of the Bank for International Settlements in Basel, Switzerland, said in a recent speech.

Read full article here: www.washingtonpost.com