17-Oct-2025 11:37

IMF Managing Director Kristalina Georgieva has stated that global debt built up is driven primarily by advanced economies, also emerging markets'not low-income countries because it is very difficult for them to tap into more borrowing. Advanced economies are moving up, but there is differentiation. Some have a more significant fiscal problem. When we look at the Group of 7, we have on one side the United States, as well as France, Italy where there is need for fiscal consolidation. Japan also needd to look into their borrowing. She noted that we have countries in the G7 that are in a better position. Germany and Canada stand up in that regard. However, on a general note, she opined that countries have exhausted their fiscal buffers.

Powered by Commodity Insights