The International Monetary Fund (IMF), yesterday, expressed concern over rising sovereign domestic debt, which is said to have hit 50 per cent of total public debt stock at the end of last year.
The fund, which offered theoretical advisory on domestic debt restructuring (DDR), said the ratio of sovereign domestic debts of emerging markets and developing economies (EMDEs) to their total debt profiles rose from 31 to 46 per cent between 2000 and 2020 in line with “deepening capital markets”.