“History tells us that the United States will struggle with the idea of default … but they come up with a solution at the last minute, and I’m confident we’ll revisit that,” Georgieva said.
She added that she hoped wisdom would prevail.
Georgieva said yesterday that she hoped the global economy would not have to wait until the last minute to find a solution to the US debt ceiling crisis, adding: “We hope we don’t have to wait as long as”.
A new round of talks between the White House and Republicans to raise the debt ceiling ended yesterday with no sign of progress.
Regarding the dollar, Kristalina Georgieva said she does not expect a quick change in the dominance of the US dollar.
In response to a question on the evolution of the use of the dollar in the world, Georgieva said: “We do not expect a rapid evolution of the reserves, because the reason for the use of the dollar as a reserve currency is the strength of the US economy. and the depth of its capital markets.”
“Now is not the time to say goodbye to your dollars,” she added.
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