$230 Billion IMF Windfall Lures Investors Into Riskiest Debt Markets
- Fund plans its biggest-ever injection into members’ reserves
- After a similar boost in 2009, debt of riskier nations rallied
A health worker prepares to administer a dose of the Sinovac Biotech Ltd Covid-19 vaccine in Lahore, Pakistan, earlier in June.
Photographer: Betsy Joles/BloombergThis article is for subscribers only.
A windfall of more than $230 billion from the International Monetary Fund for emerging and developing nations is luring investors into the riskiest debt markets.
Countries like Pakistan, Ecuador and Turkey stand to receive a flood of resources to help them deal with Covid-19 health costs. The package is expected to be approved in the coming days.