IMF Managing Director Georgieva says she is confident US will not default

QATAR: The managing director of the International Monetary Fund (IMF) Kristalina Georgieva said on Wednesday she is confident the United States will avoid a default.

"History tells us that the US would wrestle with this notion of default... but come the 11th hour it gets resolved and I have confidence we will see that play again," Georgieva said at the Qatar Economic Forum, organised by Bloomberg.

She added that she hoped wisdom would prevail.