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IMF, World Bank Chiefs Raise Debt Alarm as Options Vanish

  • IMF chief wants nations to ‘get serious’ over Common Framework
  • World Bank president says rising interest rates add to urgency
Kristalina Georgieva, left, and David Malpass during a news conference in 2020. 

Kristalina Georgieva, left, and David Malpass during a news conference in 2020. 

Photographer: Nicholas Kamm/AFP/Getty Images 

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The heads of the world’s biggest international finance institutions sounded the alarm about record global debt levels, with the International Monetary Fund’s chief saying options to deal with the billions owed by poor nations are disappearing.