The days when governments could lean on cheap money and fast growth to keep their debts in check are over, according to the head of the International Monetary Fund (IMF), who called for spending discipline and tighter monetary policy around the world.
Speaking in Singapore on Wednesday, ahead of the IMF and World Bank annual meetings in Bangkok next week, Kristalina Georgieva said policymakers "can no longer rely on higher growth rates alone to solve fiscal problems".
