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The World Bank is facing a drop in global debt.

According to the World Bank, global debt has become a source of growing concern in an environment of increasingly rooted global skimming cycles.

"In many places, after 10 years of low interest rates, corporate debt and public debt has fallen to $ 164 trillion," said Kristalina Georgieva, CEO of the World Bank.

The fact that the US Federal Reserve is moving faster than previous expectations has put pressure on many other central banks around the world.

Georgieva says, "We do not expect to see countries."

According to calculations by the Washington International Finance Institute, global debt, including household debt, increased $ 70 trillion from 10 years ago and reached $ 237 trillion in the fourth quarter of 2017

According to the financial monitoring report published by the International Monetary Fund in April, global debt reached $ 164 trillion in 2016, or 225% of global GDP.

Kristalina Georgieva, Director-General of the World Bank, said that while interest rates are still relatively low, country projects should be carefully examined to see how reasonable they are on the market. economic plan.

In the period of low borrowing costs, policy makers were not taking enough steps, the World Bank's CEO, including the wave of beneficial measures, maintains the importance of structural changes.

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