Xinhua News Agency, Washington, January 22 (Reporter Gao Climbing Xu Yuan) International Monetary Fund (IMF) President Georgieva recently urged countries with high dollar-denominated debt to take immediate action to reduce the US Federal Reserve's tightening of currency U.S. dollar debt repayment pressure brought about by the policy.

　　Georgieva said in a video conference of the 2022 World Economic Forum on the 21st that high inflation in the United States is turning into an economic and social concern. For this reason, the Federal Reserve has adjusted its monetary policy stance to try to control inflation and maintain economic recovery. strike a balance.

Given the important impact of Fed tightening on the U.S. and global economies, it is important for the Fed to communicate its policy plan clearly and avoid surprises.

　　Georgieva warned that the Fed's tightening of monetary policy could hit some countries whose economic recovery is already weak, especially those with high dollar debt, as higher U.S. interest rates could increase their ability to repay dollar debt. cost.

　　She urged these countries to ease debt servicing pressures by extending debt maturities and addressing currency mismatch risks.

She also said that about 60% of the world's low-income countries are currently in debt distress and that there could be "big trouble" without international support and assistance.

　　When it comes to the global economy, Georgieva pointed out that the current global economic recovery is slowing down and facing multiple challenges such as a resurgence in the number of confirmed cases of the new crown, higher and more persistent inflation than expected, and innovative global debt levels.

　　She said that the rise in global headline inflation was affected by a number of factors, including continued supply bottlenecks caused by the new crown epidemic, sharp increases in food and energy prices, and geopolitical factors, but the degree of inflation varied across countries.

　　Georgieva stressed that this year's policy response will become more complicated due to the obvious divergence of economic recovery in various countries, and different policies must be implemented for specific countries.

The most important policy response for the world remains to fight the epidemic and increase global vaccination rates.

　　Federal Reserve Chairman Jerome Powell said a few days ago that the Fed may raise interest rates more times and shrink its balance sheet earlier and faster to deal with persistently high inflation.

　　The IMF previously warned that the Fed's faster tightening of monetary policy may cause capital outflows and currency depreciation in emerging economies, and the economic growth prospects are more uncertain. Emerging economies should prepare for policy in advance.

Data show that, affected by the epidemic and the global economic recession, the global debt scale in 2020 will reach a record 226 trillion US dollars.

　　以往国际金融实践显示，美联储进入紧缩周期将冲击国际金融市场，显著影响全球跨境资本流动、资产定价和汇率稳定。美国财政和货币政策“放水”推动物价飞涨，并通过美元的国际储备货币地位向世界输出通胀，而后通过“收水”促使资本回流到逐渐恢复健康的美国市场，最终令不少国家遭受恶性通胀和资本外流的双重打击。

　　上世纪80年代，美国为应对高通胀收紧货币政策，导致外债杠杆率过高的邻国墨西哥出现债务违约，拉美地区爆发债务危机。