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November 15
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The volume of world debt (public and private) reached 230% of world GDP, in absolute terms - $ 188 trillion, said Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva.

According to her, two-thirds of the total debt level falls on the private sector, Kommersant reported.

The national debt of developing countries is at the level that was last observed during the debt crisis of the 1980s, she said adding that there has been a sharp increase in debt over the past five years in low-income countries.

According to her, 43% of low-income countries are either at high risk of debt problems or are already in distress.

A communique was adopted at the end of the annual meeting of the International Monetary Fund (IMF) and the World Bank in October, in which governments of large countries were encouraged to more actively use fiscal policy instruments and at the same time tighten control over the risks of financial stability. 

Fears of a new recession have already entered the official agenda of the talks of G20 countries’ representatives.

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