"This faster pace of Fed normalization increases the risks faced by other countries relying on dollar funding, especially in emerging and developing economies," Rice said.
The IMF spokesperson explained that the Federal Reserve at present is appropriately moving to a less accommodative stance of monetary policy.
However, evaluating the impact of this policy on emerging markets is more difficult now and should be done on a case-by-case basis, Rice said.
However, evaluating the impact of this policy on emerging markets is more difficult now and should be done on a case-by-case basis, Rice said.