There was a huge surge in US T-billl issuance in spring of 2020. MMMF absorbed a huge slice. @TS_Lombard via @SoberLook https://t.co/uXlEe4z4z3

China, debt vulnerabilities of China’s local government level have increased in recent years. Direct borrowing by local govs was first permitted in 2015 but has

Fx debt service due by end of 2021 exceeds Fx reserves in Zambia (pop 17 m) Ethiopia (pop 110 m) Pakistan (pop 215 m) @IMFNews