The World Bank noted that rising borrowing costs "make a breakthrough" in the need for developing countries to stimulate sluggish economic growth. This comes as international bond sales from emerging market governments hit an all-time high of $47 billion in January. Emerging economies with less risky debt, such as Saudi Arabia, Mexico, and Romania, came out on top. However, some riskier debt issuers are starting to turn to the markets with higher yields. Kenya recently issued new international bonds with yields of more than 10 percent, a ratio that experts often consider difficult to afford when borrowing.
Source (CNBC Arabia Website, Edited)
