Emerging markets face debt woes: IMF chief

Higher benchmark yields in advanced economies are pressuring emerging markets by raising the cost of debt servicing, the managing director of the International Monetary Fund said on Wednesday. Kristalina Georgieva said that putting upward pressure on the cost of debt servicing is a major problem for many developing economies. "They are facing pressures from more expensive fuel and food. They're facing pressures from declining development assistance, from subdued foreign investors' appetite for r