IMF: Global public debt tops post-WWII record; rich-economy rates lift global borrowing costs

IMF Managing Director Kristalina Georgieva stated at the G20 Finance Ministers and Central Bank Governors meeting in Asheville that global public debt has surpassed its post-World War II record, with rising interest rates in advanced economies increasing borrowing costs for all. The claim is a direct IMF assessment, though specific debt figures and country breakdowns are not provided. This signals elevated fiscal stress and potential headwinds for global growth and risk assets.