IMF chief urges United States to resolve debt dispute without delay

IMF chief urges United States to resolve debt dispute without delay

Head of the International Monetary Fund (IMF), Kristalina Georgieva, strongly criticized the United States for prolonging the debt dispute until the last minute, warning that it jeopardizes the stability of the global financial system.

Georgieva expressed frustration with the ongoing negotiations, comparing it to the story of Cinderella leaving the ball at midnight.

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She urged for a prompt resolution to prevent severe consequences, emphasizing that it is not just a matter of losing a shoe.

The IMF highlighted the potential catastrophic implications of a U.S. debt default, while also calling for measures to address persistent inflation and reduce the public debt burden.