Explanation:

• Due to the Covid-19 and policies put in place to respond to it, the global debt has jumped to a new high of USD 226 trillion with India’s dues projected to rise to 90.6 per cent in 2021, the International Monetary Fund said on Wednesday.
• Advanced economies and China contributed more than 90 per cent to the accumulation of worldwide debt in 2020. The remaining emerging economies and low-income developing countries contributed only around seven per cent.
• “The debt of governments, households and non-financial corporations added up to USD 226 trillion in 2020—USD 27 trillion above 2019. This increase is, by far, the largest on record,” he said.
• This figure includes both public and non-financial private sector debt.
• The International Monetary Fund is an international financial institution, headquartered in Washington, D.C., consisting of 190 countries "working to foster global monetary cooperation, secure financial .
  Address: 700 19th St NW, Washington, DC 20431, United States
  Phone: +1 202-623-7000
  Founders: John Maynard Keynes, Harry Dexter White
  Founded: 1944, Bretton Woods, New Hampshire, United States