From the Financial Times' article by Colby Smith and Robin Wigglesworth. Realization is slowly sinking in among private creditors that the probability of a wave of debt restructuring in developing countries increases the longer and the more severe the economic shock associated with the coronavirus -- and especially so after official creditors moved in that direction by granting soem debt relieft to the poorest countries (see earlier posts on the G-20 and the IMF). The question is how. #economy #bonds #debt #credit #em #emergingmarkets #developingcountries International Monetary Fund Robin Wigglesworth …see more