During the IMF and World Bank Annual Meetings in Bangkok, Managing Director Kristalina Georgieva emphasized the necessity for nations to strengthen their fiscal positions. She warned that governments must act immediately to mend their financial foundations as rising bond yields and mounting debt levels create significant economic strain. Georgieva recommended that policymakers focus on increasing revenue streams, streamlining government expenditures, and enhancing the management of public finances to prevent further instability. These remarks coincide with international discussions regarding global economic hurdles, including inflationary pressures linked to energy costs. Meanwhile, the IMF has slightly adjusted its 2026 global growth projection upward by 0.1 percentage points, bringing the expected growth rate to 3.1 percent, as outlined in its latest World Economic Outlook report.
Source : Malay Mail
Photo : Malay Mail
