France is Grappling With Protests and Soaring Bond Yields. The IMF Chief Told Paris to Get Its 'House In Order.'

IMF head Kristalina Georgieva called on France to address climbing bond yields and a difficult political climate. (Credit: Reuters)

International Monetary Fund (IMF) head Kristalina Georgieva called on France to reduce deficit spending as the country grapples with soaring bond yields and a political crisis.

Speaking to CNBC, Georgieva called on the country to bring its deficit below 5%, something that has not happened since 2022. This year's figure is expected to clock in at 5.1% of its GDP, same as 2025, while 2027's is set to increase to 5.7%.