World Bank President David Malpass said global debt levels need to be addressed in an interview with CNBC at the G7 Finance Ministers and Central Bank Governors' meeting in Japan.
"The debt-to-GDP ratios for the advanced economies are higher than ever before," World Bank President David Malpass told CNBC in an interview.
Developed economies across the world are facing a debt problem, and that's piling onto other headaches in the global economy as central banks continue to grapple with persistent inflation, according to World Bank President David Malpass.
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