Public debt crisis in developing countries: IMF calls for urgent fiscal reforms.

Many developing countries are facing a worryingly high public debt crisis. The International Monetary Fund (IMF) has called on these countries to urgently reform their fiscal and debt management effectively to avoid future economic crises, especially by reducing budget deficits, increasing revenue collection efficiency, and spending prudently. Solving this problem requires cooperation from the international community in providing technical assistance and debt restructuring support so that these countries can get back on their feet economically and create long-term and sustainable stability.