WASHINGTON (Reuters) - The president of the World Bank on Saturday warned the United States was just "days away" from causing a global economic disaster unless politicians come up with a plan to raise the nation's debt limit and avoid default.
"We're now five days away from a very dangerous moment. I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline...Inaction could result in interest rates rising , confidence falling and growth slowing ," World Bank President Jim Yong Kim said in a briefing following a meeting of the bank's Development Committee.
"If this comes to pass , it could be a disastrous event for the developing world , and that will in turn greatly hurt developed economies as well ," he said.
(Reporting by Anna Yukhananov and Lidia Kelly; Editing by Andrea Ricci)
This post originally appeared at Reuters. Copyright 2013.