At the 2025 IMF–World Bank annual meetings, Managing Director Kristalina Georgieva reiterated the importance of prioritizing debt sustainability among G20 nations—especially on behalf of developing countries struggling under heavy liabilities.
The IMF chief cautioned that although U.S. tariffs haven’t yet triggered a full economic meltdown, uncertainties and potential systemic risks remain high. Georgieva warned that global public debt could exceed 100% of GDP by 2029 if left unchecked.
She emphasized that sustainable growth, job creation, and equitable access to technology are essential for alleviating debt burdens. The IMF is working alongside the World Bank to support countries facing liquidity difficulties, even if their debt metrics appear sustainable.
Georgieva’s appeal comes during a politically charged moment: the U.S. is set to assume the G20 presidency in December, and its support (or absence thereof) could significantly affect multilateral debt restructuring efforts. She urged consistent collaboration and leadership from major economies to prevent a widening debt storm.
For South Asian media (India, Bangladesh, Nepal, Bhutan), this coverage often translates into discussions about how these countries might benefit (or suffer) from global debt reforms, and what role their governments can play in G20 deliberations.
