By Andrea Shalal WASHINGTON (Reuters) - Emerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWASHINGTON - Emerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund's No. 2 official said on Friday.
In South Africa, for instance, the interest payments on public debt were expected to increase to about 27% of revenue by fiscal year 2028/29, from about 19% this fiscal year. She said adoption of large-scale industrial policies that restricted trade - mostly in advanced economies - had increased nearly sixfold in 2023 alone. Almost 3,000 trade restrictions were imposed in 2022, three times as many as in 2019.
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