The head of the International Monetary Fund cautioned on Thursday that high government debt and low growth remained major impediments to the global economy. Managing Director Kristalina Georgieva commended the work of major central banks in taming inflation,

The head of the IMF said the global economy is on track for a soft landing, but the outlook for growth is tepid and rising trade barriers are a headwind.

The International Monetary Fund warned that wars, trade tensions, high debt and low growth threaten to prolong a lackluster economic era and leave nations without the resources to reduce poverty and confront climate change.

Kristalina Georgieva, has presented a gloomy forecast for the global economy ahead of the organization's annual meeting next week. There is low growth coupled with high debt, the IMF chief said in Washington on Thursday.