The International Monetary Fund calls for an early agreement on the US debt ceiling.

Washington (EFE). – The Managing Director of the International Monetary Fund, Kristalina Georgieva, on Friday called for an agreement on the debt ceiling in the United States “as soon as possible” and asked the negotiating parties to address this problem “in another way.”

Georgieva said she shared her “concerns” with US Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell, whom she met on Friday, before presenting at a press conference the conclusions of the IMF report. on the United States economy.

“We look forward to seeing a solution,” said Georgieva, who suggested the possibility of the US canceling the debt ceiling rule so that scenarios like the current one do not happen.

The fund manager hoped for “news” that negotiations between the White House and the Republicans were “progressing”, but insisted on asking for a result as soon as possible.

“We all know the story of Cinderella, who has to leave the ball at midnight. We’re at this point, so before the carriage turns into a pumpkin, can we please find out?”

Increase US efforts to reduce public debt

In any case, Georgieva stressed that the US should do “more” to reduce its public debt and make “significant efforts to reduce its fiscal deficit”.

He stressed the need for “significant” legislative reforms that would include tax increases on corporate profits or address “imbalances” in programs such as Medicare or in systems such as Social Security.

The International Monetary Fund presented its conclusions about the United States at a sensitive moment for the world’s leading economy, with budget negotiations still unresolved, and with a few days left for the country to deplete its reserves and enter into a suspension of payments if there is no agreement.

And Georgieva considered that this is a time of “great uncertainty” because the fund sees the US debt market as a “pillar” of the global financial system. He added that this column needs to be supported in a “solid” way.

“Let’s not add harm to what is already ailing the global economy,” he stressed.