Srinivasan said countries at risk include Laos, Mongolia, Maldives and Papua New Guinea, noting Sri Lanka has already defaulted on its debt repayments.
"If you look at debt for the region, if you look at Asia's share of total debt, aggregate debt, that's gone up quite sharply," Srinivasan, the director of the Asia and Pacific Department at the IMF, told CNBC's"Squawk Box Asia" on Wednesday.
"So there are many countries in the region which are facing high debt numbers. And some of these countries are in debt distress territory. And so that's something which we have to watch out for," he told CNBC's Squawk Box Asia.Rising debt levels driven by inflation and tightening financial conditions across Asia are cause for concern, according to the International Monetary Fund's Krishna Srinivasan.
"If you look at debt for the region, if you look at Asia's share of total debt, aggregate debt, that's gone up quite sharply," Srinivasan, the director of the Asia and Pacific Department at the IMF, told CNBC's"Squawk Box Asia" on Wednesday.Stay informed about local news and weather. Get the NBC Chicago app for
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