The International. Monetary Fund (IMF) on Wednesday said that the external debts of the emerging and frontier economies have risen to 160 percent of exports, on average up from 100 percent in 2008.
Tobias Adrian, financial counsellor, IMF, disclosed this while presenting the Global Financial Stability Report at the ongoing IMF/World Bank annual meetings in Washington DC.
He said a sharp tightening in financial conditions and higher borrowing costs would make it harder for them to service their debts.
“External debt is rising among emerging and frontier economies, as they attract capital, flows from advanced economies, where interest rates are lower,” Adrian said.
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Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
