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As the Fed raises interest rates, dollar-denominated loans become an unsustainable burden to states around the globe
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Graham Watson
July 17, 2022 10:33 AM
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Phillip Inman argues that the Federal Reserve's response to higher US inflation has adverse implications for developing economies around the globe.
The reason? Higher US interest rates will mean higher debt repayments associated with dollar-denominated loans, and this could have adverse implications for developing economies from Sri Lanka to Zambia.