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2021-06-06

Developing economies threatened by US inflation

While rich countries have been able to borrow during the pandemic at very low rates, many developing countries already face a much higher cost of finance.

Egypt is paying  12.1 per cent. Ghana is paying 15 per cent.

Brazil has refinanced at an average rate of 4.7 per cent this year

FT 5 June 2021

https://www.ft.com/content/1db3d119-ac9f-4948-b43b-29bb136eb2d5


Once, central bankers knew what they needed to do to handle inflation

https://englundmacro.blogspot.com/2021/06/once-central-bankers-knew-what-they.html


Latin American debt crisis 80´s

https://www.internetional.se/ldc.html

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