Mumbai, July 9 -- International Monetary Fund or IMF has stated that as calls intensify to use fiscal resources to mitigate the direct impact of the current adverse shocks and to tackle structural challenges, elevated public debt in several major economies leaves sovereign markets exposed to a reassessment of fiscal sustainability, especially if other adverse shocks materialize in tandem. Any resulting repricing could lift sovereign yields, tighten global financial conditions, and intensify refinancing pressures, particularly in highly indebted developing economies. For many low-income countries, declining official development assistance could further complicate any fiscal adjustment needed to restore market confidence and limit the incre...