IMF adds urgency to debt reduction message as yields rise, official says
TLT•The IMF has increased the urgency of its call for governments to rein in growing debts as higher borrowing costs and inflationary pressures push up sovereign bond yields, fiscal affairs chief Rodrigo Valdes said.
1. Urgent debt reduction call
Rodrigo Valdes, the IMF’s fiscal affairs chief, said the fund has “dialed up” the urgency of its call for governments to rein in growing debts. He said global debt levels, inflationary pressures and their effects on sovereign bond yields have changed conditions.
