WASHINGTON (AN) — Growing public debt is a recipe for financial disaster worldwide, making governments vulnerable when credit tightens and interest costs rise. But a top strategist at the International Monetary Fund has a solution: more documentation and transparency.
Martin Muehleisen, director of IMF’s strategy, policy and review department, said the burden of public debt has become a growing problem across the globe. And the IMF has acknowledged difficulties in assessing the sustainability of debt among developing nations, as Chinese lending surged without much of a paper trail to examine.
Sustainable Development Goals — Asia Development Bank (ADB) — Asian Infrastructure Investment Bank (AIIB) — European Bank for Reconstruction and Development (EBRD) — Global Issues — International Monetary Fund (IMF) — Paris Club — World Bank Group — World Economic Forum (WEF) — China — Switzerland — Brunei — Japan — United States (U.S.) — United Kingdom (U.K.) — Canada — India — Germany — Russia — Tanzania — Lesotho — Algeria — Romania — Belt and Road Initiative (BRI) — Kazakhstan — Pakistan — South Korea — Vietnam — Center for Global Development (CGD)
