IMF chief urges governments to tighten belts as global debt levels soar

The International Monetary Fund’s managing director has warned that major economies must prepare for difficult financial decisions as rising bond yields strain public budgets. With global debt levels reaching unprecedented highs since World War II and projected to exceed 100% of GDP in the near future, the IMF leader emphasized the need for fiscal restraint amid growing economic pressures. The comments, made during a speech in Singapore, highlight the mounting challenges governments face in balancing debt sustainability with economic stability.

Kristalina Georgieva says big economies will have to make ‘very touch choices’ as soaring bond yields hit budgetsBusiness live – latest updatesThe 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. Continue reading...