The IMF encouraged emerging market private sectors to lend heavily to their local governments, but now continued bailouts may become contingent on “restructuring” that debt (in other words, devaluing)

Rugged again…

nitter.moomoo.me/KevinPGallagher/status/1646831101124517888#m (https://nitter.moomoo.me/KevinPGallagher/status/1646831101124517888#m)

https://nitter.moomoo.me/gladstein/status/1647015199629807616#m