economy Singapore, Singapore
IMF chief calls for fiscal restraint amid rising debt
100%
Kristalina Georgieva said the global debt-to-GDP ratio is on course to reach
Speaking in Singapore, IMF managing director Kristalina Georgieva urged governments to pursue fiscal consolidation as rising bond yields increase borrowing costs. She also called for cautious monetary policy and stronger safeguards against AI risks.
1 sourceThe GuardianUpdated
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Kristalina Georgieva called on governments in large economies to reduce spending and tighten fiscal policy.
“called on governments across big economies to tighten their belts”
AllegedKristalina Georgieva said global debt-to-GDP ratios are at their highest level since the second world war.
“global debt-to-GDP ratios were at their highest level since the second world war”
- 100%
AllegedKristalina Georgieva said the global debt-to-GDP ratio is on course to reach
“on course to hit 100% in the coming years”