The prolonged disruption of shipping through the Strait of Hormuz is increasing financial pressure on developing economies by contributing to higher borrowing costs and renewed inflation risks, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned. Speaking on the sidelines of a G20 meeting in North Carolina, IMF Chief Georgieva said the impact of the crisis was extending beyond low-income countries as governments and businesses around the world face higher debt-servicing costs. [...]