The interest rate hikes by the US Federal Reserve (Fed) and the European Central Bank (ECB) are not only having an impact on the respective currency areas, they are also impacting global markets. Developing countries and emerging economies in particular often find themselves in financial difficulties through no fault of their own.

The current edition of “Development in Brief” shows the effects of recent financial decisions on the situation of developing countries and emerging economies, and how these should be addressed.

Interest rate explosion – are developing countries and emerging economies the losers?(PDF, 74 KB, accessible)