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Should investors be positive about emerging market debt in 2020?
Mark Baker
— 1 minute read 28 January 2020
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Country risk remains an investor concern. What’s your view on bonds issued by Iraq’s government?
Each country is subject to its own unique set of macro-economic drivers.
No two emerging or frontier markets are the same.
In the case of Iraq, regional geopolitics and domestic politics are major factors.
But at the same time, Iraq is a net external creditor, meaning its external assets are greater than its external liabilities.
That means the nation is well positioned to service its debt obligations.
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