This is how Rodrigo Valdés, the new director of the IMF's Finance Department, deduces, highlighting the almost nonexistent concern of governments for fiscal discipline, especially in high-income economies. #DeudaGlobal #FMI #EstabilidadFinanciera (translated)
The IMF expert Rodrigo Valdes pointed to changed economic conditions. #Staatsverschuldung #IWF #Haushaltsdefizit (translated)
"Now we say it is an urgent matter and that action must be taken now, as conditions have changed." The Director of the Fiscal Affairs Department at the IMF, Rodrigo Valdes, emphasized that rising yields on sovereign bonds amplify fiscal pressures at a time when the average public debt is about to reach 100% of Gross Domestic Product, the highest level recorded since World War II, leaving countries with little room for delays. #FMI #datoriepública #austeritate (translated)
"There is little evidence of budget consolidation this year," said Rodrigo Valdés, director of the IMF's Budget Affairs Department, noting that budget balances have deteriorated despite stronger-than-expected economic growth. #DívidaPública #FMI #ConsolidaçãoOrçamental (translated)
IWF Chief Economist Rodrigo Valdés therefore calls for an immediate change in course: The states must reform their budgets before the financial markets force them to do so. #Staatsschulden #Haushaltskonsolidierung #Industrieländer (translated)
Most countries are considering increasing spending instead of tightening their belts. However, the various overlapping crises push in the opposite direction. Thus, "most countries are considering increasing spending instead of tightening their belts," Valdes emphasized at a press conference in Bangkok, where the annual meetings of the IMF and the World Bank are taking place. #Ucraina #debitoPubblico #FMI (translated)
Having, due to this higher interest rate, a task to stabilize the debt that has become more difficult, which requires more effort. The Director of the Fiscal Affairs Department of the IMF, Rodrigo Valdés, explained - in an interview with EFE - that these countries are "having, due to this higher interest rate, a task to stabilize the debt that has become more difficult, which requires more effort." #FMI #deuda #finanzaspublicas (translated)
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