IMF chief urges the US and other wealthy nations to rein in debt
Summary
The head of the International Monetary Fund says the United States and other wealthy nations need to urgently tackle mounting global debt levels that are weighing heaviest on low-income countries, The Philadelphia Inquirer and ABC News reported on Wednesday 14 October. IMF chief Kristalina Georgieva said Scott Bessent's reliance on growth won't cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation, CNBC reported.
Latest: IMF chief Kristalina Georgieva urged the United States and other wealthy nations to urgently tackle mounting global debt levels and said Scott Bessent's reliance on growth won't cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
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How it unfolded
Wednesday 14 October
IMF chief Kristalina Georgieva urged the United States and other wealthy nations to urgently tackle mounting global debt levels and said Scott Bessent's reliance on growth won't cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
- 07:24ABC NewsIMF chief urges wealthy nations to rein in debt to ease global economic pressure
- 04:53CNBCScott Bessent's growth plans aren't enough to tame surging deficit and debt pile, IMF chief says
- 04:45The Philadelphia InquirerIMF chief urges the US and other wealthy nations to rein in debt to ease global economic pressure