institute of international finance

Türkiye is a big growth boom waiting to happen, said Robin Brooks, chief economist at the Institute of International Finance (IIF).

Turkey's risk premium in international markets saw a significant fall as the country returned to orthodox economy policies.

Global debt hit an all-time high with $255 trillion in 2019, topping 322% of gross domestic product (GDP), the Institute of
International Finance (IIF) said on April 7. 

"Following a moderate rise of $3.3 trillion in 2018, the pace of debt accumulation was much faster at over $10.8 trillion in 2019," the IIF said in a statement.

Global debt jumped $9.6 trillion to reach $252.6 trillion year-on-year in the third quarter of 2019 -- an all-time high -- the Institute of International Finance said on Jan. 13.

Total debt totaled more than threefold (322 percent) the global GDP, the U.S.-based institute announced.

The global debt-to-GDP ratio hit a new all-time high of over 322 percent in the third quarter of 2019, with total debt reaching close to a record $253 trillion, the Institute of International Finance (IIF) has said.

Total debt across the household, government, financial and non-financial corporate sectors surged by some $9 trillion in the first three quarters of last year.

Ukraine is likely to need a new IMF bailout program in the coming years to plug an up to $5.5 billion-a-year hole in its finances, the Institute of International Finance has warned.