China said it will forgive 23 interest-free loans to African nations and redirect US$10 billion of IMF reserves. Photo: AFP
China said it will forgive 23 interest-free loans to African nations and redirect US$10 billion of IMF reserves. Photo: AFP

China, IMF bailouts for poorer states ease bearish sentiment towards emerging markets

  • The IMF is finalising loans to countries like Pakistan and Sri Lanka, while China is offering debt relief to 17 African countries
  • Their distress sagas are being recast as turnaround stories, enabling investors to dip a cautious toe back into their assets

China said it will forgive 23 interest-free loans to African nations and redirect US$10 billion of IMF reserves. Photo: AFP
China said it will forgive 23 interest-free loans to African nations and redirect US$10 billion of IMF reserves. Photo: AFP
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