Christine Lagarde, Managing Director of the International Monetary Fund, said on Wednesday that she is confident that the United States will not default on its debts.

Lagarde pointed out that she does not expect a rapid shift in dollar reserves, and added that US interest rates will not begin to decline until 2024 and early 2025.

The IMF official also noted on Tuesday that failure by the United States to reach an agreement on the debt ceiling issue would have a harmful impact on the US and global economies.

She also explained that discussions about the US debt ceiling have always been very tense, but they resulted in a solution according to Reuters news agency, adding that she hopes not to have to wait longer than necessary to reach a solution regarding the US debt ceiling.