Emerging Economies Face Economic Headwinds as Debt Crises Loom and Global Growth Slows

Emerging economies face economic headwinds like slowing growth in China, rising interest rates from the Federal Reserve, and uncertainty over aid for Ukraine.

Debt restructuring negotiations are expected to progress at IMF/World Bank meetings, especially for defaulted countries like Zambia and Sri Lanka.

Argentina, Pakistan, and Kenya are at high risk of default with large debt payments due soon.

Turkey has sharply raised interest rates to battle high inflation but faces local elections in 2023 that may constrain reforms.

Developing countries continue to push for more influence in global financial institutions like the IMF and World Bank.