The IMF called the consequences of the collapse of large banks in the United States

IMF: the collapse of banks in the US will lead to serious problems of financial stability

RIA News”

According to the IMF, the collapse of major US banks in the US has now moderately affected credit conditions. However, this may turn out to be “a prelude to more serious systemic problems of financial stability.”

As noted in the fund, if the US Federal Reserve System maintains high interest rates, this could result in serious complications in the country’s banking system and non-profit organizations.

The IMF specialists added that after the tightening of financial conditions, there will be an increase in bankruptcies and stress situations in organizations with a high level of debt will increase.

The US Congress has previously called for an immediate increase in the national debt ceiling, as well as to start discussing the budget for 2024. This must be done to avoid exacerbating downside risks, the IMF said.