World’s Riskiest Markets Stumble Into Crisis With Dollars Scarce
- Vulnerable economies suffer hard-currency shortages, debt risk
- Wall Street opts for a cautious approach in developing assets
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Hospitals delaying surgery in Sri Lanka. International flights suspended in Nigeria. Car factories shuttered in Pakistan.
In some of the world’s most vulnerable developing nations, the situations on the ground are dire. Shortages of dollars are crimping access to everything from raw materials to medicine. Meanwhile governments are struggling with their debts as they chase rescue packages from the International Monetary Fund.