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Foreign-currency debt looms again as a problem for emerging Asia: ADB

Wednesday, September 23, 2015 - 05:50

The ADB says a strengthening US dollar poses a threat to Asian companies with large foreign-currency exposure, with the share of foreign-currency debt among firms in Vietnam, Sri Lanka and Indonesia now exceeding 65 per cent.


IN tones reminiscent of the onset of the Asian financial crisis of 1997, the Asian Development Bank (ADB) on Tuesday warned countries in the region to "limit reliance" on foreign debt as global capital flows become increasingly volatile in the face of interest-rate uncertainties.

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