IMF: Emerging markets at risk of flight to safety

Kathleen Gallagher
clock • 2 min read

Ilan Goldfajn, head of the IMF's western hemisphere division, has warned that investors might seek safe haven assets at the expense of emerging markets if market turbulence, like that in the UK bond market, continues.  Goldfajn told the Financial Times that while emerging markets had so far remained resilient this may not last. He added the current disruption in the UK, which has seen government borrowing costs jump to 20-year highs, could become "a more generalised vulnerability so that markets become more disorderly".  "In this world something very important will happen for emerging...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?