In many countries, level of public debt reaches its highest level in last 50 years

11:03 - 16.02.2024

February 16, Fineko/abc.az. The level of public debt in many countries of the world has reached its highest level in the last 50 years.

ABC.AZ reports that IMF Research Department’s deputy director Antonio Stilimbergo stated about this at the World Bank conference.

He added that social spending should become the basis for resolving the debt crisis.

Stilimbergo noted that the population vulnerable to poverty faces additional challenges – demographic, technological, climatic and financial.