Reaching over 337.7 trillion USD by just early 2025, and at over 235 percent of the global GDP, rising debt has become an urgent problem in need of tackling across the globe. Such alarming rates of debt, at their current trajectory, are set to spike interest rates, inflation, and borrowing costs across the globe, while locking in economic decline and increasing the rigidity of fiscal flexibility.Â
To avoid such a financial catastrophe, your job as a member delegate of the IMF will be to address this issue head-on and to take the next steps toward potential solutions. In such a chaotic current state of international relations, how will you and your committee manage this crisis of rising global debt for both your respective nations and the world? Good luck to all participating delegates!