BUSINESS INFORMATION - The International Monetary Fund (IMF)

BUSINESS INFORMATION - The International Monetary Fund (IMF), warned Thursday that rising public debt developed countries, leading to hamper efforts to spur economic recovery.

Growth level of debt can damage the trust investors and encourage increased interest rates, and ultimately reverse the increase economy, according to an IMF report.

said institute based in Washington was quoted as AFP.

IMF says the public debt will reflect about 120 percent of gross domestic product (GDP) in 2014 in nine developed countries from Group 20 (G-20).

It will reflect the increase of 40 percentage points since the beginning of the financial crisis and global economy in 2007.

The report highlights the growth of debt in the countries of Group Seven - the United Kingdom, Canada, France, Germany, Italy, Japan and the United States "- and Australia and South Korea, two other large countries in the G-20.

IMF ask developed countries to do more to reduce the budget deficit in the medium term.

The average ratio of debt to GDP of the G-20 consists of developed and developing countries, reaching 62.4 percent in the pre-crisis level in 2007, increase to 82.1 percent in 2009 and is estimated to reach 86.6 percent in the year 2014.

The average ratio for the developed countries will increase from 78.6 percent in the year 2007 and exceed 100.6 percent of output this year. In the 2014, will be projected at 119.7 percent.

IMF, which has urged the country members to adopt stimulus measures to fight economic trends down a severe, they have been saying in recent months to formulate a strategy formula after the restoration in progress.