Emerging economies face China and rate pressures as IMF, World Bank meet

Emerging economies are facing headwinds from all sides, with a recent selloff in U.S. Treasuries and China's slowing economy adding layers of uncertainty while the Federal Reserve might not have reached the end of its rate hike cycle. Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny when policy makers and asset managers gather for the World Bank and International Monetary Fund's annual meetings in Marrakech next week. "The external backdrop does remain challenging for emerging and frontier markets across the board and that's out of their control," said Joseph Cuthbertson, senior sovereign analyst at PineBridge Investments.