Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

IMF Managing Director Expects to Solve US Debt Ceiling Crisis Before June 1

Thu 25 May 2023 | 09:44 AM
Kristalina Georgieva
Kristalina Georgieva
Ahmed Moamar

The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said Wednesday that the already troubled global economy was "indispensable" for the crisis of raising the public debt ceiling in the United States.

But she expected that the crisis would be resolved at the last minute, as usual, that is, before the first of June.

The global financial markets are witnessing anticipation against the backdrop of the tension between the Democratic administration of President Joe Biden and his Republican opponents over the public debt ceiling.

The divergence of views between the two parties still hinders the agreement to raise the debt ceiling with the approach of June 1, the date that officials suggested would be the maximum deadline for the availability of funds in the treasury, after which Washington would be liable to default on its debts for the first time in its history.