The head of the IMF addressed the United States with a phrase about Cinderella and the transformation of the carriage into a pumpkin

Georgieva asked the United Statesdo not drag out and resolve the issue of default before “our carriage turns into a pumpkin”, since the conversation is not about the loss of Cinderella's shoes, but the stability of the global economy.Biden on the eve announced an imminent decisionKristallina Georgieva

The United States several times approached the “edge of the abyss” due to the risk of default, making a decision to prevent it at the last moment, but they need to speed up and not postpone the issue, IMF HEAD Kristalina Georgieva said at a press conference.

“We have all read the story of Cinderella. Cinderella must leave the ball at midnight sharp. We've come to this point, so before our carriage turns into a pumpkin, can we please fix this problem? We are not just facing the loss of a shoe,” added Georgieva.

The economist recalled that the US Treasury bond market is "the anchor of the stability of the global financial system." And if this anchor is pulled, then "the world economy , the ship on which we all travel, finds itself in turbulent and, even worse, uncharted waters." The recession of the US economy will negatively affect economies around the world, it would cause "shock after shock." The head of the IMF noted: “We are still recovering from covid , the war in Ukraine is still ongoing, and here we have this happening.”

The US Treasury has been warning of a default since June 5 if Congress and the White House do not agree on a compromise. President Joe Biden and Democratic congressmen are calling on Congress to raise the limit without any conditions. Republicans, who control the House of Representatives, refuse to approve a ceiling increase without spending cuts.

On the evening of May 26, the president said the deal was "very close" and suggested that a decision would be made known in the coming hours .