Don’t be fooled. This is the theme of the next few months.

IMF warns of further market sell-offs as central banks adjust policy

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IMF, World Bank Raise Debt Alarm
(Bloomberg) — The heads of the world’s biggest international finance institutions sounded the alarm about record global debt levels, with the International Monetary Fund’s chief saying options to deal with the billions owed by poor nations are disappearing.Most Read from Bloomberg“We see the problem for many countries getting worse and the tools to deal with this problem are disappearing,” Kristalina Georgieva said in an online discussion with World Bank President David Malpass on Tuesday. “The debt problem is knocking on the door louder and louder.”Both organizations have for months flagged risks from rising debt levels in emerging markets, particularly as interest rates start to increase to cool accelerating inflation. The World Bank estimates that the poorest countries — whose fragile economies have been decimated by the pa …


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