IMF tells advanced economies to 'bring debt down' as borrowing costs rise

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The IMF has urged advanced economies to reduce their rising debt levels amid increasing borrowing costs, citing economic shocks that have escalated debt like a 'staircase not to heaven.' Kristalina Georgieva emphasized the need for fiscal prudence in a BBC interview.

In an interview with the BBC, Kristalina Georgieva says economic shocks had pushed "debt levels up like a staircase not to heaven".