The Institute of International Finance has warned of heavy emerging market redemptions noting that over $1.5 trillion of bonds and syndicated loans would be maturing through to the end of 2018.
China, Russia, Korea and Brazil have a heavy dollar-debt repayment schedule this year with the Asian superpowers debt becoming an increasing concern for other members of the global economic family.
China, which has accounted for the lions share of new debt in emerging markets, saw the pace of debt accumulation slow slightly; the deficit rose by two percentage points last year to 294 per cent of GDP, compared to an average annual increase of 17 percentage points in the 2012-2016 period.
However, despite the growing debt mountain, the IIF said on Thur…
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