New Sovereign-Default Wave Threatens Developing World

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The role of China — a large creditor to many emerging market nations — will be key in debt negotiations

Demonstrators during a protest in Colombo, Sri Lanka in April 2022. 

Photographer: Jonathan Wijayaratne/Bloomberg

Welcome to . It’s Netty Idayu Ismail in Dubai and Maria Elena Vizcaino in New York, where we’ve been covering emerging market nations struggling to pay their debts amid rising interest rates. We also have news on private equity firms’ interest in US regional banks, Dish Network and hedge funds seeking to sue a Russian-owned company in Ireland. Follow this link to subscribe. Send us feedback and tips at [email protected] or Tweet/DM to @NettyIsmail

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The world’s most vulnerable economies are at risk of falling deeper into the danger zone as US borrowing costs hit the highest in 16 years just as economic angst mounts. 

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