IMF chief warns of rising fiscal risks, urges fiscal consolidation and central bank resolve on inflation

IMF chief Georgieva warned that global fiscal and monetary pressures are building in tandem, urging countries to craft credible debt consolidation plans and central banks to stay the course on price stability. She noted that energy shocks in the Middle East and surging AI demand are pulling in opposite directions, with rising bond yields and sticky inflation reflecting deep uncertainty, stressing that "there is no room for complacency."