Rising rates could endanger emerging market recovery, IMF warns

Tobias Adrian
IMF Staff Photograph/Stephen Jaffe

Rising global interest rates could cause problems for countries that are recovering more slowly from the Covid-19 economic shock, particularly many emerging markets, the International Monetary Fund warns.

Tobias Adrian, the IMF’s chief financial economist, said emerging market economies (EMEs) with large external financing needs face “daunting challenges” in managing the recovery.

A surge in the US economy has led to rising interest rates on US government debt, contributing to a stronger

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