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IMF tells advanced economies to 'bring debt down' as borrowing costs rise

Summary by BBC News
In an interview with the BBC, Kristalina Georgieva says economic shocks had pushed "debt levels up like a staircase not to heaven".

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The world's advanced economies, including the UK and US, must reduce their borrowing and debt levels, the head of the International Monetary Fund (IMF) has warned. ... IMF Warnings: Rich States Must Reduce Debt - NAUTEBORIKI

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The Director General of the International Monetary Fund warned that advanced savings should reduce loans and lower debt levels, after weeks of accelerated growth of government interest costs. Speaking for BBC, Kristalina Georgieva called for urgent and politically painful actions to keep debt under control./aspanyly/geftene BBC WORLD SERVICE [...]

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BizToc broke the news on Tuesday, September 22, 2026.
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