The World Bank

World Bank President Jim Yong Kim called on US politicians to resolve the issue of US debt. Before a possible default States there are only five days. If the parliament and the White House do not reach an agreement on raising the "ceiling" of government debt, the situation could turn into a global economic disaster. "Only five days separate us from a very dangerous moment. I urge US politicians to urgently find a solution, there is still time. Inaction could lead to higher interest on loans, a drop in confidence in the world markets and the slowdown in growth, "- said Kim. According to him, ignoring the situation would be disastrous for developing countries and harm economic development.



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