IMF warns of the risk of developing economies and confirms that they have resorted to excessive borrowing

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IMF warns of the risk of developing economies and confirms that they have resorted to excessive borrowing

 

Thursday October 20 158 12:37

 

 

 

 

 

Alsumaria News / Baghdad 
warned the International Monetary Fund and 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 another report on global financial stability, which is posted on the site and seen Fund Alsumaria News him 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 "countries where borrowing what expansion it was China, Thailand Turkey and Brazil."The commercial transactions with debts in foreign currency is another issue, because the transactions have affected up the dollar exchange rate, which makes debt repayment charge more 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 , this does not mean that the IMF sees everything positive in rich countries, effects of the financial crisis continues, especially in the government sector and in the banks in the euro zone hardwired. But the international encase Monetary believes that there are signs away these countries the consequences of the financial crisis that hit the developed world in 2007, and the years that followed.