Lagarde warns on corporate debt ahead of G20 summit

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Lagarde warns on corporate debt ahead of G20 summit

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Banners announcing G20 summit are seen in Osaka, Japan on June 5, 2019. Group of 20 summit will be held in Osaka, western Japan on June 28-29. (Photo by Naoki Morita/AFLO) | Naoki Morita/AFLO/Press Association Images

Corporate debt levels have increased to a point where a sudden shift in financial conditions could trigger disruptive capital outflows from emerging markets, the head of the International Monetary Fund has warned finance ministers of the G20 group ahead of their summit beginning on Saturday. Christine Lagarde also said that the G20 should streamline the topics it concerned itself with.

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