Advanced economies must 'act now' to lower debt: IMF
Oct 16, 2026
New York [US], October 16: The International Monetary Fund called for advanced economies to "act now" to address ballooning debt, with spiking bond yields at multi-decade highs and pressure growing on central banks to hike interest rates. Global public debt is at its highest level since the Second World War and on track to soon exceed 100 percent of global gross domestic product, and the Fund lamented the lack of any major progress in reversing the trend.