Eco Week Ahead

World’s $100 Trillion Fiscal Timebomb Keeps Ticking

IMF urges debt reduction as finance chiefs meet in Washington
Canadian interest rate cut, Russian rate hike anticipated

The International Monetary Fund (IMF) Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year. — The International Monetary Fund (IMF) Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year.
Photographer: Nathan Howard/Bloomberg

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By Craig Stirling

October 19, 2024 at 8:00 PM UTC

Updated on

October 20, 2024 at 6:03 AM UTC

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Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.

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