IMF Official Urges Countries to Resolve Debt Issues Before Markets Force Action

TREE NEWS reports: A senior IMF official said countries need to address their debt problems before markets force intervention, warning that rising debt-servicing costs are increasing risks. The official noted that while a wealth tax is one option, a combination of corporate income tax, inheritance tax, and capital gains tax may be more effective. Fuel subsidies are extremely costly for a typical country, so targeted subsidies are preferable, and improving tax administration and collection efficiency can support growth.