Slight lull on the emerging front. The shock wave linked to the pandemic which led to massive capital flight is less strong. After hitting a record $ 88 billion in March - four times the level of the 2008 financial crisis, outflows fell to
$ 18 billion in April, says credit insurer Euler Hermes. "This reflects a trend reversal in China, a deceleration in the rest of Asia, in emerging Europe, the Middle East and Africa," says author Manfred Stamer.
On the other hand, Latin America remains under pressure with significant exits from Mexico and Colombia. These two oil-producing countries are plummeting prices per barrel. Ecuador, which is even more dependent on black gold and has already been assisted by the IMF since 2018, has just obtained new financial assistance of $ 1.45 billion from the monetary fund and the World Bank. "The steps
This article is for subscribers only. You still have 68% to discover.
Subscribe: € 1 the first month
cancellable at any time
Enter your emailAlready subscribed? Log in