18 The new World Bank head Ajay Banga addressed global finance bosses (IMF and World Bank joint meeting) in Marrakech: World teeters on a $235 trillion debt mountain - and there is no 'magic wand' to wipe it away (www.thisismoney.co.uk) posted 207 days ago by Excelsior 207 days ago by Excelsior +18 / -0 No 'magic wand' to wipe away global debt pile, head of World Bank says The comments from Ajay Banga illustrate some of the seemingly intractable issues facing the great and the good of global finance who have been meeting in Marrakech this week. 3 comments share 3 comments share save hide report block hide replies
The world is a closed system. Total debt has to be $0 unless we owe it to martians... or lizards?