
IMF Warns UK and US Over "Spiralling" Debt Costs
IMF chief Kristalina Georgieva told the BBC that economic shocks have pushed debt levels up "like a staircase, not to heaven."

IMF chief Kristalina Georgieva told the BBC that economic shocks have pushed debt levels up "like a staircase, not to heaven."
The three international bodies flagged the dangers of soaring borrowing costs facing the US, France, the UK and Japan, warning of risks tied to $365bn in global debt.
Ukraine's president said Kyiv has received a constructive response from the EU and IMF on covering a budget deficit driven largely by military spending.

Shehbaz Sharif told the IMF's managing director that prudent fiscal and monetary policies are helping Pakistan's economy recover despite regional conflict and inflationary pressures.

Facing a severe economic crisis, Bolivia has followed an International Monetary Fund recommendation, fulfilling a goal set by President Rodrigo Paz since his election last year.

President Zelensky said the fund would help secure some of the financing needed to maintain Ukraine's fiscal stability next year, after meeting IMF chief Kristalina Georgieva in New York.

IMF Managing Director Kristalina Georgieva told the BBC that repeated economic shocks have pushed debt levels up 'like a staircase not to heaven,' urging wealthy nations to rein in borrowing.

Kristalina Georgieva told the BBC that global shocks have pushed debt levels up "like a staircase not to heaven."
TASS reports Kyiv needs about $52.6 billion from Western partners next year, with only around $20 billion confirmed so far.

Lawmakers back the International Monetary Fund agreement as unions warn fuel subsidy cuts could spark renewed demonstrations.
A report from TASS (Russia) sets out the main available details, with claims kept attributed to their sources.

Russian President Vladimir Putin said reforming major global financial and trade institutions is long overdue, according to Russian state news agency TASS.