Monetary Fund Keller-Sutter at the IMF/World Bank meeting: Concerns about debt

Switzerland is in a good economic and financial position compared to other countries. This was the conclusion drawn by Federal Councillor Karin Keller-Sutter on Friday at the fall meeting of the International Monetary Fund and the World Bank in Washington.

One of the main topics at the meetings was the search for solutions to the high level of international debt in the current difficult geopolitical situation, Keller-Sutter told media representatives.

The threatening geopolitical situation with the war in Ukraine, the situation in the Middle East and the tensions surrounding Taiwan led to higher investments in defense. In view of the ageing population in many countries, the pressure on spending is also increasing internationally.

In addition to Keller-Sutter, Federal Councillor Guy Parmelin and the new Chairman of the Governing Board of the Swiss National Bank, Martin Schlegel, will represent Switzerland at the IMF-World Bank meeting. Schlegel said that the IMF expects moderate but stable growth of 3.2 percent for the global economy this year and next.

SDA