Argentina Debt Deal Illustrates Coronavirus Pandemic’s Blow to Emerging Markets

Investors are bracing for more defaults and disruptions in emerging markets after Argentina’s deal with creditors highlighted the pandemic’s stress on many developing economies. The agreement to grant debt relief to Latin America’s third-biggest economy eased some concerns about a prolonged dispute between Argentina and its creditors. But it also underscored the hardship caused by the coronavirus in emerging markets. Ecuador and Lebanon have also sought concessions from creditors this year, with shutdowns to stop the pandemic…


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