{"id":609654,"date":"2023-11-08T00:00:00","date_gmt":"2023-11-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/"},"modified":"2023-11-08T00:00:00","modified_gmt":"2023-11-08T00:00:00","slug":"us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/","title":{"rendered":"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune"},"content":{"rendered":"

EMs are facing a \u201cnightmare\u201d from US interest rate hikes:<\/strong> An enduring period of interest rake hikes from across the pond is fuelling a \u201csilent debt crisis\u201d among many developing countries saddled with high foreign-currency debt piles, World Bank deputy chief economist Ayhan Khose warned in an interview with the Financial Times<\/a> yesterday. <\/p>\n

More countries are feeling the pinch:<\/strong> The sovereign debt of almost one quarter of emerging and developing countries is now trading at distressed levels (i.e. 10 percentage points or more higher than rates on US government bonds), the World Bank said. In 2019, the proportion of EMs with distressed debt was less than 5%. <\/p>\n

Where it started:<\/strong> Higher global interest rates plus a stronger USD over the past 18 months have made debt more expensive for developing economies to pay off, contributing to a sharp sell-off in emerging-market bonds. Even though central bank rates are close to reaching their peak, investors have continued to remain on the sidelines on expectations that they will have to stay higher for longer, stymying the prospects of recovery for the asset class.<\/p>\n

We\u2019re among the most vulnerable:<\/strong> Egypt has the highest interest bill as a percentage of GDP globally and one of the world\u2019s highest gross government debt-to-GDP ratios, leading Bloomberg<\/a> to list us as the second-most vulnerable country in the world to a debt crisis. Rising rates and the fallout from the war in Ukraine has heaped pressure on Egyptian bonds, with yields on Egyptian 10-year bonds surging 75% since the beginning of 2022. The bonds are now trading almost 2,150 bps above US 10-years.<\/p>\n","protected":false},"excerpt":{"rendered":"

The sovereign debt of almost a quarter of developing countries is now trading at distressed levels, says World Bank<\/p>\n","protected":false},"author":1,"featured_media":609655,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[104,115,72,119],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-emerging-markets","tag-enterpriseam","tag-financial-markets","wpautop","entry"],"acf":{"mongo_id":"692f53c8-7a0f-455e-b1f2-1bdc30270e88","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/387.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US interest hikes are wreaking havoc in emerging markets \u2014 Egypt is unlikely to be immune","related_issue":[609640],"teaser":"The sovereign debt of almost a quarter of developing countries is now trading at distressed levels, says World Bank","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.3041a6e1-2302-4f98-a990-6f8db538bc00.mp3"},"yoast_head":"\nUS interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune\" \/>\n<meta property=\"og:description\" content=\"The sovereign debt of almost a quarter of developing countries is now trading at distressed levels, says World Bank\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune\",\"datePublished\":\"2023-11-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"emerging markets\",\"EnterpriseAM\",\"Financial Markets\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\",\"name\":\"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-08T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/","og_locale":"en_US","og_type":"article","og_title":"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune","og_description":"The sovereign debt of almost a quarter of developing countries is now trading at distressed levels, says World Bank","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-11-08T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune","datePublished":"2023-11-08T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/"},"wordCount":277,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1","keywords":["economy","emerging markets","EnterpriseAM","Financial Markets"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/","name":"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1","datePublished":"2023-11-08T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/us-interest-hikes-are-wreaking-havoc-in-emerging-markets-and-were-unlikely-to-be-immune\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"US interest hikes are wreaking havoc in emerging markets, and we\u2019re unlikely to be immune"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/387.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":552388,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/are-em-corporates-being-punished-for-being-in-the-wrong-part-of-the-world\/","url_meta":{"origin":609654,"position":0},"title":"Are EM corporates being punished for being in the wrong part of the world?","author":"enterpriseam admin","date":"31 August 2022","format":false,"excerpt":"It has been a tough year for emerging markets, but is it now time to invest in EM corporate debt? Foreign investors have been exiting emerging-market assets in droves in recent months, with rising inflation, the Federal Reserve hiking rates, a strengthening USD, supply chain issues, a war in Europe's\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/618.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545123,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/06\/ems-are-struggling-to-recover-from-the-impact-of-the-pandemic\/","url_meta":{"origin":609654,"position":1},"title":"EMs are struggling to recover from the impact of the pandemic","author":"enterpriseam admin","date":"6 March 2022","format":false,"excerpt":"EMs are still struggling to address the economic repercussions of the pandemic (to say nothing of the effects of Russia\u2019s war in Ukraine)? With the pandemic in its third year, the post-covid recovery has been the primary focus for the global economy, but developing countries and emerging markets are facing\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/434.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572275,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/shrugging-off-debt-relief-initiatives-developing-countries-continue-tapping-global-debt-markets-to-plug-covid-19-financing-needs\/","url_meta":{"origin":609654,"position":2},"title":"Shrugging off debt relief initiatives, developing countries continue tapping global debt markets to plug covid-19 financing needs","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"Shrugging off debt relief initiatives, developing countries continue tapping global debt markets to plug covid-19 financing needs: Developing countries are piling on more debt to finance the deficits they face as a result of the covid-19 pandemic, rather than opting for potential restructuring of their existing debts, according to the\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548010,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/21\/the-incoming-em-debt-crisis-is-getting-worse\/","url_meta":{"origin":609654,"position":3},"title":"The incoming EM debt crisis is getting worse","author":"enterpriseam admin","date":"21 July 2022","format":false,"excerpt":"The number of emerging-market countries at risk of default is at a record high after Angola and Gabon became the latest to see yields on their sovereign bonds rise to distressed levels, Bloomberg reports. There are now 21 nations with yields 10% higher than US treasuries, a warning sign that\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544327,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/the-case-for-investing-in-em-economies-has-rarely-been-weaker-argues-the-ft\/","url_meta":{"origin":609654,"position":4},"title":"The case for investing in EM economies has \u201crarely been weaker,\u201d argues the FT","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"With EM economies facing slowing growth, soaring debt, and imminent US interest rate hikes, the case for investing in them has \u201crarely been weaker,\u201d argues Jonathan Wheatley in the Financial Times. Amid the ongoing covid-19 pandemic, many EM economies have accrued high levels of debt, which they relied on to\u2026","rel":"","context":"In "Macro picture"","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/560.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587544,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/29\/pressure-on-emerging-markets-to-continue-on-us-economic-headwinds-moodys\/","url_meta":{"origin":609654,"position":5},"title":"Pressure on emerging markets to continue on US economic headwinds -Moody\u2019s","author":"enterpriseam admin","date":"29 May 2023","format":false,"excerpt":"Five emerging economies are in default and 11 others have fallen into debt distress","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1539.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=609654"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609654\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609655"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609654"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609654"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}