A failure of the US to resolve its debt ceiling arguments threatens the security of investments and risks financial instability, global leaders warned yesterday, with the danger of derailing the fragile world economic recovery.
Opening the International Monetary Fund and World Bank annual meetings in Washington, the heads of the two international organisations stressed the importance of a speedy resolution, while Li Keqiang, Chinese premier, has expressed his nation’s concern.
The issue is likely to overshadow the annual meetings, where the US can expect to come under fire from other countries for threatening global stability.
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