IMF chief urges governments to tighten belts as global debt levels soar
IMF Managing Director Kristalina Georgieva has warned that global debt-to-GDP ratios are at post-WWII highs, urging governments to implement fiscal consolidation. She emphasized that policymakers must make difficult political choices rather than relying on economic growth to resolve debt burdens.
Why it matters
Rising global debt and interest rates threaten economic stability, potentially leading to budget crises in major economies.
Kristalina Georgieva, before the start of the IMF–World Bank annual meeting in Singapore, said economic policy chiefs could not keep delaying action. Kristalina Georgieva, before the start of the IMF–World Bank annual meeting in Singapore, said economic policy chiefs could not keep delaying action. International Monetary Fund (IMF) IMF chief urges governments to tighten belts as global debt levels soar Kristalina Georgieva says big economies will have to make ‘very touch choices’ as soaring bond yields hit budgets
Prefer the Guardian on Google The head of the International Monetary Fund has called on governments across big economies to tighten their belts as soaring bond yields hit budgets.
Speaking in Singapore, the IMF’s managing director, Kristalina Georgieva , said global debt-to-GDP ratios were at their highest level since the second world war and on course to hit 100% in the coming years.
Also covering this story
One other newsroom covered this event. We read that version too.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in