Daily Management Review

IMF: Debt levels in many countries hit record highest in 50 years


IMF: Debt levels have reached their highest points in half a century in a number of nations worldwide.

Jesper Rautell Balle
Jesper Rautell Balle
The International Monetary Fund's (IMF) Research Department deputy director, Antonio Spilimbergo, stated that debt levels are currently at their highest points in half a century in many countries.

He stated, "Debt levels in many countries around the world are at their highest levels in the last 50 years," during a World Bank conference on poverty.

Spilimbergo believes that social expenditure holds the key to resolving this issue. Additionally, he made note of the new difficulties that people that are vulnerable to poverty confront, such as those related to demographics, technology, the environment, and money.

source: ft.com