The acute EM/frontier funding squeeze of March/April has eased. But cost of funding remains c. twice what it was at

The acute EM/frontier funding squeeze of March/April has eased. But cost of funding remains c. twice what it was at start of year and spread to EM IG has roughly doubled too -> huge stress on those with major refinancing needs. @IMFNews GFSR
imf.org/en/Publication… https://t.co/Qvbz7C3nzR

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