IMF Chief Urges Rich Nations to Curb Debt as Global Borrowing Costs Bite
The International Monetary Fund has warned that elevated debt in the United States and other wealthy economies is intensifying pressure across the global financial system, with higher interest rates and persistent inflation deepening the strain on poorer countries. The warning comes as energy-driven price shocks, including those linked to the Iran war, have helped keep borrowing costs near multidecade highs.
