Developing countries' economies will face fresh pressure if the US, as expected, raises interest rates. upward moves during 2018. The IMF said it was "likely" that a rise in US rates would have an adverse effect on emerging market economies. Its study showed that 126 developing nations spent on average over 10% of their revenues paying the interest on loans, the highest level since 2005. Five countries, Angola, Bhutan, Chad, Ghana and Lebanon, were spending over a third of government revenues on servicing debt.
Developing countries' economies will face fresh pressure if the US, as expected, raises interest rates. The IMF said it was "likely" that a rise in US rates would have an adverse effect on emerging market economies. Its study showed that 126 developing nations spent on average over 10% of their revenues paying the interest on loans, the highest level since 2005. Five countries, Angola, Bhutan, Chad, Ghana and Lebanon, were spending over a third of government revenues on servicing debt.