IMF tells advanced economies to 'bring debt down' as borrowing costs rise
In an interview with the BBC, Kristalina Georgieva says economic shocks had pushed "debt levels up like a staircase not to heaven".
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"global economic shocks had been 'pushing debt levels up like a staircase not to heaven' but that governments had taken 'no action to contain that service cost'"
— Kristalina Georgieva , Executive
"'It is impossible to stress strongly enough how critical it is to get the courage to take the steps that are necessary.'"
— Kristalina Georgieva , Executive
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In an interview with the BBC, Kristalina Georgieva says economic shocks had pushed "debt levels up like a staircase not to heaven".
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