Emerging Markets Economics

Frontier Markets Monthly Wrap

26 October, 2018

Frontier external risks still a big concern

A handful of the more vulnerable Frontier Markets, including Ukraine, Pakistan and Bahrain, have received (or are close to getting) IMF or bilateral funding, but external risks remain a key concern. For one thing, meeting the conditionality of these financing deals will be difficult – particularly as it will entail painful fiscal tightening. More generally, external vulnerabilities in Frontier Markets are worse than in the larger Emerging Markets. Several Frontier Markets appear to have weake

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