The IMF did highlight that some emerging markets have built stronger institutions—independent central banks, fiscal rules, and foreign exchange reserves. But this resilience is unevenly distributed: a large portion of EM economies remain vulnerable to shocks, especially after the Iran conflict has slowed global growth and elevated fiscal pressure worldwide. The post omits that global public debt is on track to hit World War II-era levels and that many developing nations still lack the buffers to absorb the current crisis.