Global Debt

IMF chief urges wealthy nations to tackle rising global debt levels

The head of the International Monetary Fund said Wednesday that the US and other wealthy nations need to urgently tackle mounting global debt levels that are weighing heaviest on low-income countries and straining the global financial system. IMF Managing Director Kristalina Georgieva said that while US Treasury Secretary Scott Bessent and other US leaders recognise that the federal deficit and national debt have grown too high, just trying to grow the US economy out of its more than USD 40 trillion in national debt would not suffice. "At the fund, we believe that, growth, of course, helps, but it cannot deliver fast enough the necessary adjustments," Georgieva said at the autumn meeting of the IMF and World Bank in Bangkok. "There is no magic," she said, noting some other measures would be needed. "You have to go in a direction of tightening that, bringing it down, bringing deficit down." Fiscal consolidation' faces challenges ------------------------------------------ Rising de

Global debt hits record high of over $324 trillion: Banking trade group

The weaker dollar has worked as a buffer across developing economies, limiting the impact in emerging markets of the spike in volatility triggered by US President Donald Trump's trade war

Global debt exceeds $100 trillion as interest costs surge, says OECD

Germany's parliament approved a massive plan to boost infrastructure and support a broader European defence spending push this week

African debt crisis may have severe implications for world economy

The continent's foreign debt reached more than $1.1 trillion at the end of last year. More than two dozen countries have excessive debt or are at high risk of it

Key debt ratio resumes rise as global debt burden hits record $315 trn: IIF

Debt in emerging markets grew to a record of more than $105 trillion - having more than doubled over the past decade according to IIF data

The ominous shadow of global debt

The IMF's latest reports warn that piecemeal solutions won't suffice anymore

HSBC helps overseas funds navigate India's bond market as inclusion nears

Investors have cited several obstacles to obtaining an onshore permit in India, including heavy documentation process, margin requirements for trading, barriers to freely move money out of the country

Higher-for-longer rates will keep constricting global economy: World Bank

Both Ajay Banga, the institution's president, and Chief Economist Indermit Gill warned that the fallout from the sudden shift to an era of elevated borrowing costs may be tough

Global debt hit record $307 trn in Q2 despite rising interest rate

The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade

Top headlines: IT companies' forex revenue, falling global debt and more

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Global debt fell as share of GDP in 2022, may resume rising trend: IMF

The IMF said in an update to its Global Debt Database that the world's total debt to-GDP ratio fell last year to 238 per cent from 248 per cent in 2021 and 258 per cent in 2020

FM calls for concerted global efforts to restructure debt of poor nations

Sitharaman said G20 also stresses the criticality of debt vulnerability in low- and middle-income countries through an effective, comprehensive, and systematic approach

After Credit Suisse wipeout, AT1 bonds make a return in the global market

A Bloomberg index of contingent convertible bonds has risen 10 per cent from the lows seen during the Credit Suisse crisis

G-20 countries need to tackle global debt, says PM Narendra Modi

Addressing the FMCBG meeting, Modi said the global economy was still suffering from the after-effects of the pandemic and wide-ranging geopolitical tensions

Indian households outdo emerging market peers on cutting debt levels

Only one among BRIC countries to have cut leverage to levels to pre-pandemic levels

WEF 2022: What does 'global debt' mean and how high is it at present?

The current debt wave is the world's fourth since 1970, the World Bank says

International Monetary Fund, World Bank chiefs raise global debt alarm

World Bank President Malpass called for a new process for restructuring debt burdens for developing nations amid concerns about a lack of transparency over how much they owe to China

Global debt reaches record $226 trn in 2020 amid Covid pandemic: IMF

Global debt rose to a record $226 trillion in 2020 as the world was hit by the raging Covid-19 pandemic and a deep recession, the International Monetary Fund said

Covid-19 pandemic debt adds to challenge of funding world's climate goals

The $300 trillion pile of debt held by governments, businesses and households will leave many countries with vulnerable finances

Global debt jumps to new high of $226 trillion, says IMF report

Sees risk of sizeable sell-off in stocks