Jim Yong Kim has stated that US is going away from danger of borrowing crisis. He discussed and urged policy makers to increase the ceiling of government debt. Kim warned that it can be disastrous for the world.
It is very close it develop the world impact. And inaction it can increase the interest rate, confidence falling and growth slowing, said by Mr. Kim speaking at the annual meeting in Washington.
If it comes pass, then it can be used as disastrous event for world development. and it will greatly hurt, he added.

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