World’s financial system at stake, IMF warns, amid U.S. debt limit stalemate (gazettengr.com)

World’s financial system at stake, IMF warns, amid U.S. debt limit stalemate

The head of the International Monetary Fund, Kristalina Georgieva, sharply criticised the United States for delaying a possible agreement in the debt dispute until the last minute.

The stability of the global financial system is at stake, warned the head of the IMF.

The IMF chief expressed frustration about 12th hour negotiations in the political dispute in the U.S.

Its not just the loss of a shoe that we are faced with.

For weeks, Democrats and Republicans have been arguing in tough rounds of negotiations about raising the debt limit.

According to the U.S.

economy.

They certainly buoyed American families, but they also contributed to persistent inflation, Georgieva said.

The IMF, therefore, predicts that the key interest rate will remain at more than 5 per cent until the end of 2024 and urged the U.S.

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