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IMF warns of the risk of developing economies and confirms that they have resorted to excessive borrowing
10/8/15
Agencies - International Monetary Fund warned of the risk of developing economies, at a time pointed out that "global financial stability is still not guaranteed, between the banks and companies in developing markets resorted to" excessive borrowing ".
The official in the fund nutty Vinalz in the latest report on global financial stability, which was published on the Fund's website that "the nature of the threat has changed, as the financial stability in advanced economies improve, but the risk has moved to the developing economies."
The report stated that "developing economies experiencing an economic slowdown for the fifth year in a row."
The report emphasized that "banks and companies in developing markets resorted to excessive borrowing $ 3.3 billion," adding that "the countries where expansion was borrowing what they are China, Thailand, Turkey and Brazil."
Commercial transactions of foreign currency debt is another issue, because the transactions have affected up the dollar exchange rate, which makes debt repayment more expensive in local currency, and among the countries most vulnerable to this threat Hungary, Mexico and Chile.
If the focus was on developing economies is growing, it does not mean that the IMF sees everything positive in rich countries, effects of the financial crisis is still a private in the public sector banks in the euro zone har
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