IMF Commits to Engaging Member-Countries to Tackle Global Imbalances

.Says public debt at about 100% of GDP worldwide set to climb further

.Raises concerns over surge in global interest rates

.Urges central banks to focus on price stability mandate, fiscal authorities on credible medium-term consolidation plans

Ndubuisi Francis in Abuja

The International Monetary Fund (IMF) has expressed strong commitment to engaging with member-countries in addressing global imbalances, raising concerns that public debt–at almost 100 per cent of gross domestic product (GDP) worldwide, now exceeds its post-World War II levels, and is set to climb further.

IMF Commits to Engaging Member-Countries to Tackle Global Imbalances

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