The bill's passage is a condition for unlocking an approximately $700 million IMF tranche and 3.7 billion euros ($4.1 billion) in EU macro-financial assistance.

The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said Wednesday.

Rising bond yields have been a warning sign for financial markets in recent months amid the Iran war's risk to global economies, and the IMF says those risks are more of a concern.

Rising bond yields have been a warning sign for financial markets in recent months amid the Iran war's risk to global economies, and the IMF says those risks are more of a concern.