However, IMF official also said the two biggest debt contributors—the U.S. and China—have enough fiscal room and tools to deal with it for now. The question, of course, is if

Global public debt will exceed $100 trillion by the end of 2024, per the IMF. The U.S.' and China's rising fiscal deficits account for a significant share of increasing debt levels. Poor nations in sub-Saharan Africa are struggling the most to raise taxes while ensuring fiscal programs.

The International Monetary Fund released its World Econ0mic Outlook today outlining critical growth forecasts and risk assessments for the year ahead and beyond.

The international economic organization heralded progress on inflation while warning about anti-globalization policies and geopolitical tensions.

The International Monetary Fund on Tuesday raised its forecast for British economic growth this year but said the country could not take its eye off rising public debt, as finance minister Rachel Reeves prepares her first annual budget.

The International Monetary Fund lowered its global growth forecast for next year and warned of accelerating risks from wars to trade protectionism, even as it credited central banks for taming inflation without sending nations into recession.

The UK economy is set to "accelerate", the International Monetary Fund (IMF) has said as it raised its growth forecast for this year. The influential global organisation now expects the UK to grow by 1.

Britain should bring public debt under control in a way that preserves public investment, a top official at the International Monetary Fund said on Wednesday as finance minister Rachel Reeves prepares for her first budget next week.