Advanced economies must ‘act now’ to lower debt as bond yields spike: IMF

On Wednesday in Bangkok, the International Monetary Fund urged advanced economies to immediately address rising debt levels as bond yields reach multi-decade highs, increasing pressure on central banks to raise interest rates.

Global public debt has reached its highest level since the strategic period cited in the reports. Additionally, the IMF highlighted that the fiscal situation is even more severe in low-income nations, where interest payments consume an average of 15% of tax revenues.