15 October 16:28

The IMF urges governments to reduce debts and deficits, warning about global financial risks and the need to strengthen capital reserves.

Matei Gaginsky

Economy

Foto: pexels.com

The International Monetary Fund (IMF) has raised an alarm regarding the high level of public debt globally, urging both advanced and developing countries to reduce deficits and strengthen their capital reserves. In the latest Fiscal Monitor, the IMF emphasizes that global public debt could exceed 100% of GDP by 2029, reaching the highest level since 1948. IMF official Vitor Gaspar mentioned the risks of a disorderly financial correction, considering the financial turbulence and overvalued markets.

He also highlighted the importance of preparing for potential financial crises by accumulating capital reserves. The rising costs of borrowing and pressure on budgets, caused by geopolitical tensions and an aging population, further complicate the situation. The IMF recommends targeted measures in education and infrastructure to stimulate economic growth, estimating that an additional allocation of funds in these areas could generate significant GDP growth.

Sources

Digi24

Datoria publică globală ar putea ajunge la 100% din PIB până în 2029: cel mai ridicat nivel de după Al Doilea Război Mondial

Stirile ProTV

Semnal de alarma tras de FMI. Incertitudini reale la nivel global, guvernele îndemnate să-și reducă deficitele și datoriile

Ziare.com

FMI avertizează: Datoria publică globală ar putea ajunge la 100% din PIB până în 2029

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IMF warning public debt

The IMF urges governments to reduce debts and deficits, warning about global financial risks and the need to strengthen capital reserves.

Sources

ȘTIRI PE ACELEAȘI SUBIECTE

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