Global debt crisis warnings from the IMF

The IMF has warned advanced economies, including the UK and US, that they must rein in high levels of government debt as global shocks push up borrowing costs. IMF chief Kristalina Georgieva told the BBC that rich nations need to act now to bring debt down before market pressures force more painful adjustments later. The warning highlights growing concern over fiscal sustainability in major economies amid rising interest rates and geopolitical uncertainty.

As it ran

24 September 2026

• Global bond sell-off deepens, sending borrowing costs higher around the world CNN

23 September 2026

• IMF tells advanced economies to 'bring debt down' as borrowing costs rise BBC News
• Rich nations must cut debt as global shocks push up borrowing costs, IMF chief tells BBC BBC News
• UK and US warned to take action on spiralling debt costs by IMF BBC News
• US must take action on spiralling debt costs, IMF head tells BBC BBC News