U.S. Fed rate hikes pose challenges for developing countries, say experts

STORY: U.S. Fed rate hikes pose challenges for developing countries, say experts DATELINE: May 8, 2022 LENGTH: 00:02:35 LOCATION: Beijing CATEGORY: POLITICS SHOTLIST: 1. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business 2. SOUNDBITE 2 (English): STEPHEN NDEGWA, International relations lecturer, United States International University (USIU-Africa) 3. SOUNDBITE 3 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City STORYLINE: As the U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a half percentage point, experts from different countries warn that the Fed's more aggressive monetary tightening could pose more challenges to the developing countries. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business "The main problem for emerging economies will be the loss of investors, who will migrate to the United States to obtain higher remuneration in fixed income securiti