IIF: International debt surges| MENAFN.COM

Wednesday, 10 August 2022 03:04 GMT

IIF: International debt surges


(MENAFN) International debt made a new score of USD305 trillion in the first three months of this year, around 348 percent of Gross Domestic Product (GDP), as released report by the Institute of International Finance (IIF).

The IIF stated facts about the number increased USD3.3 trillion from 2021, mainly boosted by China (up USD2.5 trillion) and the U.S. (up USD1.8 trillion). It added, Emerging Market (EM) debt is approaching a score USD100 trillion in the January-end of March of this year.

Reflecting the rise in increased rate, international debt-to-GDP ratio decreased for a 25 percent next three months in the first three months by 15 percentage points annually to 348 percent. The organization stressed about that the rise in EM regimen debt levels has put debt clearness in the main focus,

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