World Bank: Default could be devastating

World Bank President Jim Yong Kim discusses plans to fight poverty during a seminar discussion with CNN's Richard Quest (L) at World Bank Headquarters during the annual World Bank - International Monetary Fund (IMF) meetings in Washington, DC, October 9, 2013. AFP PHOTO / Saul LOEBSAUL LOEB/AFP/Getty Images
World Bank President Jim Yong Kim discusses plans to fight poverty during a seminar discussion with CNN's Richard Quest (L) at World Bank Headquarters during the annual World Bank - International Monetary Fund (IMF) meetings in Washington, DC, October 9, 2013. AFP PHOTO / Saul LOEBSAUL LOEB/AFP/Getty Images

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    World Bank: Default could be devastating

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