The G-20 stepped in to help the least developed countries to cope with the ‘sudden stop’ financial shock caused by the coronavirus outbreak. This is generally good news because it shores up the economies of vulnerable countries whose domestic market valuations have reached dislocated levels and where buying often proves rewarding, in our view. The government of Argentina announced its initial restructuring offer. Ecuador received overwhelming support to postpone coupon payments until August under its market-friendly policy framework. The IMF provided a reminder why Brazil can have high debt levels but no debt crisis. China’s March data disappointed. Moon won by a landslide in the parliamentary election in South Korea. The Reserve Bank of India announced more targeted liquidity injections as inflation declined. Caribbean countries were downgraded by rating agencies.