Central bank interest rate hikes have put pressure on debts, leading to “stresses” in leading economies including among lenders, Kristalina Georgieva said at a conference in Beijing on March 26.  

Global economic growth is expected to be just 3% this year, the International Monetary Fund managing director warned, due to rising borrowing costs, the Russian invasion of Ukraine and ongoing consequences of the pandemic. 

Risks to financial stability have further increased after the recent collapse