International Monetary Fund communications director Julie Kozack told reporters that global public debt has risen to nearly 100% of world GDP, the highest level recorded since the end of World War II.
The IMF linked the surge to elevated borrowing costs and weaker growth, noting that 10‑year sovereign yields in the United States, France and Japan have reached their highest points in years, a trend that is spilling over into emerging and developing economies through higher benchmark rates and wider financing spreads.
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While the fund stopped short of calling for immediate fiscal consolidation, it urged governments to outline clear, credible plans for reducing deficits and debt, emphasizing that policymakers must remain nimble as global growth remains well below the pace of previous decades.
