High Debt Threat: Advanced Economies and Rising Public Debt
IMF Managing Director Kristalina Georgieva expressed concerns over the rapidly increasing public debt in advanced economies compared to low-income countries. She urged efforts to address this growing issue. Georgieva emphasized that high debt service payments in low-income countries are diminishing vital fiscal resources needed for crucial public expenditure.
Devdiscourse News Desk | Washington DC | Updated: 08-10-2025 20:57 IST | Created: 08-10-2025 20:57 IST
- Country:
- United States
International Monetary Fund Managing Director Kristalina Georgieva voiced concerns over the escalating public debt in advanced economies, overshadowing that of low-income nations.
During a recent statement, Georgieva highlighted the pressing need for these countries to tackle their burgeoning debt.
In many low-income nations, she noted, high debt service obligations are eroding scarce fiscal resources, restricting essential investment necessary for public welfare.
(With inputs from agencies.)
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