IMF chief urges US, rich nations to cut deficits as global debt hits record

IMF Managing Director Kristalina Georgieva called on the US and other advanced economies to urgently address mounting public debt, which is straining low-income countries and the global financial system. She acknowledged US Treasury Secretary Scott Bessent recognizes the deficit is too high but noted growth alone cannot resolve the over $40 trillion debt. The statement signals growing multilateral pressure on fiscal policy ahead of upcoming G20 meetings.