Coverage of the economic wreckage Covid-19 is causing in developed markets is everywhere. Harder to find is the damage it is doing to emerging economies. But the damage is deep. The crisis has led half of International Monetary Fund member countries to request assistance. IMF chief Kristalina Georgieva says developing economies need $2.5-trillion in funding, more than double the $1-trillion it has available. The Washington-based Institute of International Finance (IIF) says outflows of emerging-market securities topped $83bn in March, with equity outflows reaching $40bn. "All of this points to a sudden stop in emerging markets due to the combination of Covid-19 uncertainty, large oil price and financial shocks."..