About this work
Smaller current account deficits did not eliminate emerging markets’ external financing risks in June 2019. Large debt repayments still warranted caution, particularly in Turkey and South Africa. The assessment also identified resident capital outflows as a vulnerability in Turkey and Argentina, where import compression had improved the current account without removing financing pressures.
Abstract
Smaller current account deficits did not eliminate emerging markets’ external financing risks in June 2019. Large debt repayments still warranted caution, particularly in Turkey and South Africa. The assessment also identified resident capital outflows as a vulnerability in Turkey and Argentina, where import compression had improved the current account without removing financing pressures.
Cite this work
Gregory Basile, Jonathan Fortun, Sergi Lanau (2019). Economic Views: EM External Financing Needs. Institute of International Finance.