Emerging markets are in turmoil. The IMF must step in to help
A... novel proposal from The Economist here. One which might make sense on a macro level oh global interests but one which seems, to me at least, to be at best extremely dubious for various nations tax payers.
I find it hard to believe that given the massive debt burden many of the donor countries have just taken on with their own economic responses they'd be particularly warm to the idea of throwing good money after bad to some of the worlds most financially illiterate nations where a fair whack of the money is absolutely guaranteed to be stolen by the local governments.
https://www.economist.com/leaders/2020/04/11/emerging-markets-are-in-turmoil-the-imf-must-step-in-to-help-heres-how
I find it hard to believe that given the massive debt burden many of the donor countries have just taken on with their own economic responses they'd be particularly warm to the idea of throwing good money after bad to some of the worlds most financially illiterate nations where a fair whack of the money is absolutely guaranteed to be stolen by the local governments.
https://www.economist.com/leaders/2020/04/11/emerging-markets-are-in-turmoil-the-imf-must-step-in-to-help-heres-how
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