World debt during the pandemic reached $ 258 trillion

"The growth rate of the debt burden has accelerated since March, which is largely due to large-scale budgetary and monetary support measures undertaken by countries in the context of the pandemic", - finanz.ru cites the words of Emre Tiftika, the director of research for sustainable development, and of economist Khadiji Mahmud.

In the first three months of this year, the ratio of world debt to GDP increased by 10%, which was the largest growth for the quarter. It was mainly secured by corporate borrowing, and the Institute of International Finance expects this trend to continue, since the central banks of most countries only pour in liquidity, and the cost of borrowing falls.

The growth of debts will raise concerns from the point of view of stability and creditworthiness of the financial systems of states, however, more than 92% of government obligations so far retain the investment level, the report says.

At the same time, the debt of developed countries is even higher than world average indicators - it exceeded 392% of their GDP, having increased by about 12% since 2019, their debt load is more than 185 trillion dollars. In developing countries, the ratio according to the Institute of International Finance in the first quarter increased to a record 230% of GDP, but due to the weakening of their currencies against the dollar, the volume of debt decreased by $ 700 billion to $ 72.5 trillion.

The Russians in the first quarter of this year received only mortgage loans worth 762 billion rubles, which is almost a quarter more than a year earlier. In the first three months, banks approved about 308.7 thousand mortgage transactions, which is 8.5% more than last year.