World Bank head says Washington D.C. debt crisis could be 'devastating ' for global economy . The closer the U.S. got to default , the greater impact it would have on the globe 's poorest -- such as the rice farmer in South East Asia , or young person in the Middle East trying to start a business -- as the cost of capital rose . Kim spoke Kim in U.S. , where economic leaders are gathered . Jim Yong Kim said those involved in the political wrangling needed to remember it would hit the 'little guys ' hard .
World Bank head says Washington D.C. debt crisis could be 'devastating ' for global economy . Kim spoke Kim in U.S. , where economic leaders are gathered . Jim Yong Kim said those involved in the political wrangling needed to remember it would hit the 'little guys ' hard .