IMF says higher bond yields underscore urgency of fiscal consolidation
BANGKOK: The International Monetary Fund on Wednesday urged advanced economies and others to take urgent action to reduce government spending, cut deficits and reduce debt levels, warning that delays would only make the job harder in coming years. Rodrigo Va...
BANGKOK: The International Monetary Fund on Wednesday urged advanced economies and others to take urgent action to reduce government spending, cut deficits and reduce 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 poi...