IMF urges advanced economies to reduce debt as borrowing costs rise
The IMF head Kristalina Georgieva has warned that advanced economies including the UK and US must cut borrowing and reduce debt levels as government interest costs have surged in response to global shocks and wars disrupting oil supplies. She said governments have taken no action to contain service costs and that politicians need "courage" to take necessary steps.
22 September 2026 · Joy Online →