IMF dials up calls for urgent fiscal consolidation
BANGKOK: The International Monetary Fund on Wednesday issued an urgent call for advanced economies and others to reduce government spending, cut deficits and lower debt levels, warning that delays would only make the job harder in coming years. Rodrigo Valdes...
BANGKOK: The International Monetary Fund on Wednesday issued an urgent call for advanced economies and others to reduce government spending, cut deficits and lower debt levels, warning that delays would only make the job harder in coming years. Rodrigo Valdes, head of the IMF’s Fiscal Affairs department, said rising sovereign bond yields were adding to fiscal pressures at a time when average public debt was poised t...