Global debt becomes of more and more concern of the World Bank, Bloomberg reports.

After decades of low interest rates, corporate and public debt in many places reached shocking $164 trillion.

Central banks across the globe today feel pressure due to US Federal Reserve System rising interest rates faster than was expected before. World Bank thinks that policy makers in many countries have not taken sufficient measures during time of low borrowing costs and not performed necessary structural reforms.

In fourth quarter of 2017 world debt grew to $237 trillion. It increased by more than $70 trillion compared to decade ago.