IMF chief urges the US and other wealthy nations to rein in debt to ease global economic pressure

The head of the International Monetary Fund issued a call on Wednesday in Bangkok for the United States and other wealthy nations to address rising national debt levels. The IMF official emphasized that these mounting financial obligations are creating significant pressure on the global economic system.

According to the IMF, these debt levels are currently having the most severe impact on low-income countries. The appeal serves as a warning that urgent action is required by developed economies to alleviate broader global financial strain.