Mr Morrison and World Bank

week: Mr Morrison attended the annual meetings of the International Monetary Fund and World Bank in Washington last week."There is not an economy in the G20 or other wise that would not want to be Australia at the moment and would not want to have the strong financial and banking system that ensures that we can have the resilience to ensure we underpin jobs and growth in this country," he told parliament on Monday, according to Nine News Australia. The treasurer also used parliamentary question time to lay out what the Turnbull government had achieved in its first 100 days since the federal election. His upbeat appraisal though was tempered by a global credit rating agency again warning Australia could lose its treasured tripe-A rating as foreign debt balloons. The list included securing some $11 billion in budget improvement measures in the first few sitting weeks, and introducing legislation to cut personal and company taxes. But Standard & Poor has warned the nation foreign debt levels have reached an "extreme" level at more than $1 trillion, matching the worst in the world."The government will point out that its fiscal position is strong - but it not quite as strong as it used to be," said John Chambers, chairman of the firm sovereign ratings committee."Australia would have one of the weakest external positions of the 130 sovereigns that we rate."The nation net foreign debt rose from $970 billion to $1.045 trillion over the 12 months to June. Mr Morrison also noted two ratings agencies had affirmed Australia AAA rating. (news.financializer.com). As reported in the news.