AMWatch

USD 230bn IMF windfall lures investors into riskiest debt markets

The IMF move would increase the reserves of Argentina, Pakistan, Ecuador and Turkey by 10 percent or more.

Photo: SAUL LOEB/AFP / AFP

A windfall of more than USD 230bn from the International Monetary Fund for emerging and developing nations is luring investors into the riskiest debt markets.

Countries like Pakistan, Ecuador and Turkey stand to receive a flood of resources to help them deal with covid-19 health costs. The package is expected to be approved in the coming days.

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