IMF Warns Global Public Debt Nears 100% of GDP, Calls for Action on Global Imbalances

The International Monetary Fund (IMF) has raised concerns that global public debt is approaching 100% of GDP, surpassing post-World War II highs and is projected to climb further. IMF Managing Director Kristalina Georgieva highlighted this at the G20 Finance Ministers and Central Bank Governors' Meeting, emphasizing the need for decisive action in countries with unsustainable debt and improvements in restructuring processes. The IMF also noted that the disinflation process has stalled in many countries, with mounting fiscal pressures pushing core bond yields upward.