IMF’s Gopinath does not see a global sovereign debt crisis yet

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Economic Counsellor and Director of the Research Department at the IMF Gopinath speaks during an interview in Davos

DAVOS, Switzerland (Reuters) – While government debt levels are climbing around the world, with debt burdens in emerging markets rising rapidly, so far there is not evidence of a systemic debt crisis, but there are risks ahead, International Monetary Fund First Deputy Managing Director Gita Gopinath said on Wednesday.

“As yet we do not see a systemic sovereign debt crisis,” she told a panel at the World Economic Forum here, but the risk ahead is “salient.”

(Reporting By Dan Burns)

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