looking beyond borders

foreign policy and global economy

Will The IMF Pass The Pandemic Stress Test?

The novel coronavirus plunged emerging markets into crisis. As investors rushed to safety, major emerging economies lost more than $100 billion in foreign currency reserves in the month of March alone. Trade flows shrank. New capital inflows dried up. In many ways, the pandemic has been harder on emerging economies than the 2008 global financial crisis.

Read Here – Foreign Affairs

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