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Is There Any Way Out of the Crisis?
In your role, you're paying special attention to the situation in developing countries. Ande it does seem that theyre they're facing a really terrible situation right now. Many of them have significant debt denominated in dollars. In the current crisis, their currencies are depreciating against the dollar. So that that seems like a really dangerous cycle. Is there any way to break that cycle? Well, let me first separate countries that have built strong fundamentals and now in this crisis, as we are receiving a incomin data, there are not very many. But there are still some positive surprises. They come from countries that have built stronger buffers, stronger fundamentals, have been more disciplined during good...