According to the International Monetary Fund, governments must step up efforts to reduce fiscal deficits and manage global debt, which is at a record high. “We have been calling for fiscal consolidation, and all parties have expressed understanding, but not enough action has been taken.” International Monetary Fund Managing Director Georgieva said at the Qatar Economic Forum in New York on Sunday. According to the agency's data, driven by the surge in US debt, global public debt is expected to exceed 100% of GDP in 2029, two years earlier than previously anticipated. “We have been advising the US side and watching its financial situation.” She said, “Judging from the communication with Secretary Vincent, the US side has realized that the current situation is unsustainable and needs to gradually reduce the size of its deficit and debt.”

According to the International Monetary Fund, governments must step up efforts to reduce fiscal deficits and manage global debt, which is at a record high. “We have been calling for fiscal consolidation, and all parties have expressed understanding, but not enough action has been taken.” International Monetary Fund Managing Director Georgieva said at the Qatar Economic Forum in New York on Sunday. According to the agency's data, driven by the surge in US debt, global public debt is expected to exceed 100% of GDP in 2029, two years earlier than previously anticipated. “We have been advising the US side and watching its financial situation.” She said, “Judging from the communication with Secretary Vincent, the US side has realized that the current situation is unsustainable and needs to gradually reduce the size of its deficit and debt.”