IMF sees global public debt reaching 100% of GDP in 2029
Rising interest rates are adding to debt-service costs, while low-income countries already spend more than 15% of their tax revenue on interest payments.
English coverage and data for Fonds monétaire international.
Rising interest rates are adding to debt-service costs, while low-income countries already spend more than 15% of their tax revenue on interest payments.
The US official cites a goal of less than a year, with no fixed timetable.
The institution slightly improves its forecast for 2026, while estimating that rising food and energy prices risk worsening poverty and food insecurity.
The group calls on the IMF and the World Bank for more concessional financing as interest charges erode budget room.
An artificial intelligence-related correction, a surge in sovereign yields and a major cyberattack could amplify existing vulnerabilities.
The institution holds its forecast at 3.4% for 2027, but warns of a very uneven recovery, still-high prices and shrinking fiscal room.