IMF chief warns global financial stability at risk from banking turmoil

The IMF chief Kristalina Georgieva said rising interest rates have put pressure on debts, leading to ‘stresses’ in leading economies, including among lenders. Photograph: Michele Tantussi/Reuters

The head of the International Monetary Fund has warned that the global economy faces risks to its financial stability because of the turbulence in the banking sector.

Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates had put pressure on debts, leading to “stresses” in leading economies, including among lenders.