The Business Times

global debt

International

Global debt hits record of over US$324 trillion, banking trade group says

The IMF’s latest Fiscal Monitor projected that global public debt will grow 2.8 percentage points to 95.1 per cent of global GDP in 2025, reaching 99.6 per cent of global GDP by 2030.
International

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

Sri Lanka is among several developing countries that have already defaulted on their external obligations, triggering a slow and painful process of debt restructuring and sweeping economic reforms.
Opinion & Features
THE BROAD VIEW

The urgency of global debt reform

Global funds were net buyers of government bonds in December, and the cost to insure Korea’s debt against default hit only a four-month high.
International

South Korean markets ride out crisis as global debt funds keep buying

Finance Minister Lan Fo’an says there will be more “counter-cyclical measures” this year.
International

China's briefing on stimulus gets lukewarm investor reception

The move is expected to lower IMF borrowing costs for members by 36 per cent, or US$1.2 billion every year.
International

IMF moves to ease billions in penalty fees for biggest borrowers

Countries like Ghana, Sri Lanka and Zambia have defaulted on their debt in recent years, while others are struggling to make payments after the global interest rate hiking cycle sent borrowing costs higher.
Global Enterprise

Debt burden threatens poor countries’ development goals: UN

FILE PHOTO: Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. REUTERS/Florence Lo/Illustration/File Photo
Banking & Finance

Global debt hits record US$312 trillion, climate finance a challenge, banking trade group says

The International Monetary Fund is working to reinforce its ability to support low-income countries hit hardest by recent shocks.
International

IMF concerned about debt, fiscal challenges facing low-income countries

“Many countries borrowed a lot during the pandemic. That was short term in nature, and that’s coming due, so I think liquidity risks are something we should pay attention to,” says Gita Gopinath, first deputy managing director of IMF.
International

Liquidity risks are worrying IMF amid high debt

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