Emerging Markets Capital Flows Monitor (Apr.)

Our Tracker shows that aggregate capital flows to EMs have been resilient over the past few months in the face of fears of a protectionist shift in the US and sell-offs in equity markets. Concerns about protectionism have eased in recent days, but the turbulence in EM financial markets last week as well as the impact of US sanctions on Russia mean capital flows to EMs probably weakened in April.

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