{
Fayez Nureldine

People

}

sovereign debt poses significant risk to global growth in 2025

Sovereign debt poses a significant risk to global growth in 2025, particularly for low-income countries and emerging economies lacking fiscal buffers, according to Saudi Finance Minister Mohammed Al-Jadaan. With global public debt reaching a record $97 trillion, urgent reforms are needed, especially as many African nations face soaring debt-to-GDP ratios and costly debt servicing that surpasses spending on health, education, and climate action. Al-Jadaan emphasized the necessity for global leaders to collaboratively address these challenges to prevent economic shocks.
CNBC
United States Dollar G20 IMF United Nations Children's Fund FUND SAU Mohammed Al-Jadaan Fayez Nureldine Dan Murphy Show more
Finance & Economy, News Article
08:19 31.10.2024
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