Bloomberg Businessweek

A Debt Crunch In Emerging Markets

The coronavirus pandemic is pushing the developing world to the brink of a debt crisis. Wall Street’s fund managers will be one hurdle to a solution.

Investors expect their coupon payments. Emerging markets, which owe more than $8.4 trillion in foreign currency debts, or about 30% of the developing world’s gross domestic product, need to fund health services as they deal with a global economic crash and still come out

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