This implies, specifically, helping these countries attract sufficient sustained private capital flows, while strengthening measures for crisis prevention and better crisis management, supporting policies and structural reforms that facilitate development, and helping secure sufficient external funding to sustain their growth and poverty reduction.
That trend was reversed almost instantly after the June 2014 announcement. Already over the summer of 2014 – even before the first operation was allotted in September of that year – lending rates plunged to levels unseen since 2010. Why did this happen?