After Sri Lanka defaulted on its debt, Jack McIntyre, a portfolio manager at Brandywine Global Investment Management, started watching rice and grain prices more closely. For a swath of the markets he’s tracking, global food shortages are presenting governments with a stark choice — pay their debts or feed their people. Sri Lanka opted for the latter, falling into arrears on its foreign debt on May 18 amid a lack of dollars to ease shortages of everything from food to fuel, and bets are high that others may follow. Fifteen emerging market nations now trade with debt at distressed levels, or a risk premium of more than 10 percentage points. Four of those nations are in Africa, where one of t
Hence then, the article about hungry nations impossible choice pay debt or feed people was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Hungry nations’ impossible choice: Pay debt or feed people )