KARACHI/LONDON, June 28 (Reuters) – The soothing calm and palpable enthusiasm in debt markets is deceiving. Developing and emerging economies, which suffered a large-scale withdrawal of international capital at the outbreak of the Covid-19 crisis, have seen investors return. But a rise in commodity prices and more favourable bond market conditions may provide only temporary relief. These countries will be hamstrung in their attempts to mobilise the resources necessary for a green and inclusive recovery that puts them back on a track to meet their climate and development goals.
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