- The International Monetary Fund (IMF) is concerned about the level of global debt
- A report by the global finance body reveals that international debts have ballooned to $235 trillion
- It said the US and China are the major contributors to global debt, with a cumulative $117.5 trillion
The International Monetary Fund (IMF) said that global collective debt has ballooned to about $235 trillion, with the US and China, as two leading economies, contributing about 50% with $117.5 trillion in total debt.
The report from IMF’s global debt update published on Wednesday, September 13, 2023, describes the scale of international indebtedness.
