With only 10 years to go, emerging markets and low-income countries (LICs) are far off their 2030 SDG targets; COVID-related fiscal strains are exacerbating the SDG financing gap—some $2.5 trillion annually for these countries; Between 2011 and 2019, median public debt in LICs rose from 30% of GDP to 47%, and is expected to reach 54% in 2020; Official bilateral/multilateral creditors hold 80% of the public debt stock of countries eligible for G20 debt service suspension; Over 60% of cross-border capital inflows to LICs are debt-generating, much higher than elsewhere—scope for equity finance 

The Bank of Japan adopted Yield Curve Control (YCC) in September 2016. At the time, YCC was something of a “Hail Mary” to get reflation back on track. The February 2016 shift to negative rates fanned market fears around JGB scarcity, … which caused the Yen to appreciate subs...

This month’s Growth Tracker suggests trade across EM is starting to recover, the outlook is further supported by improving business surveys and an accommodative monetary stance. While we remain constructive on our outlook for a recovery, we are cautious in our assessment. We do not expect the ...