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Montevideo, May 26th 2022 - 05:41 UTC

Tag: IMF Fiscal Monitor

  • Monday, October 10th 2016 - 23:13 UTC

    Global debt reached 225% of world GDP; concern with private debt buildup in China and Brazil

    “Excessive private debt is a major headwind against the global recovery and a risk to financial stability,” IMF Fiscal Affairs Director Vitor Gaspar warned

    The world is swimming in a record US$152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached 225% of global economic output last year, up from about 200% in 2002, the IMF said in its new Fiscal Monitor report.

  • Wednesday, April 13th 2011 - 00:34 UTC

    IMF says much more can be done to rein in fiscal deficits and debts

    Emerging countries should take advantage of windfall earnings from commodities

    The outlook for government debts and deficits in 2011 is a mixed bag, with most advanced economies reining in fiscal deficits, but not fast enough to keep their debt from rising. Fiscal balances are improving in most emerging economies, and some could do more as they experience a windfall from high commodity prices and strong capital flows.