Kristalina Georgieva, the Chief of the International Monetary Fund, strongly condemned the United States for postponing a potential resolution to the debt dispute until the eleventh hour. The IMF leader underscored the critical importance of maintaining stability in the global financial system.

Georgieva voiced her exasperation regarding the last-minute negotiations in the U.S. political dispute over whether to increase the government's borrowing limit. Referring to the familiar fairy tale of Cinderella, she drew a parallel, stating, "We are now at a stage reminiscent of the story where Cinderella had to depart the ball precisely at midnight." Georgieva shared these remarks during a press briefing in Washington on Friday.

"Thus, before our carriage transforms into a pumpkin, could we kindly resolve this matter? It encompasses more than merely losing a shoe."

Over the past few weeks, Democrats and Republicans have engaged in intense negotiations regarding the decision to raise the debt limit.

The U.S. Treasury Department has warned that if the limit is not increased, the country will default on its debt in early June.

Experts have consistently cautioned that a U.S. debt default could have severe repercussions for the global economy.

Furthermore, on Friday, the IMF emphasized that the robust consumer demand and thriving labor market in the United States represented a "double-edged sword" for the country's economy.

Georgieva remarked, "Undoubtedly, they brought relief to American households, but they also contributed to the ongoing inflationary pressures." Consequently, the IMF anticipates that the primary interest rate will stay above 5 percent until the conclusion of 2024. The IMF further urged the U.S. government to take additional measures in order to alleviate the burden of public debt.