The IMF and World Bank are being asked to ensure they have enough capacity to respond to future emergencies as poor countries are being hammered by inflation and the Fed’s rate rises
IMF, World Bank significantly ramped up lending in past two years; now Fed rate increases, inflation are hammering poor countries
RELATED VIDEO: How have China, Mexico and Greece handled inflation, and where does the U.S. fit in? WSJ’s Dion Rabouin explains.WASHINGTON—Rapidly rising interest rates are squeezing the flow of private capital to the world’s poorest countries. The problem is that the preferred alternatives—the International Monetary Fund and World Bank—are getting quickly committed.cope with the pandemic, soaring energy costs and the fallout from Russia’s invasion of Ukraine.
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