Treasury Secretary Calls for IMF and World Bank to Refocus
Treasury Secretary Scott Bessent has publicly criticized the International Monetary Fund (IMF) and the World Bank. He believes the institutions have strayed from their core missions. Bessent urged them to return to their fundamental roles in global finance. His comments come amid ongoing discussions about international trade and economic policy.
Washington D.C. - Treasury Secretary Scott Bessent voiced concerns about the direction of the IMF and World Bank during a recent address. Bessent stated that both institutions need to 'go back to basics,' suggesting they've become too involved in areas outside their original mandates. He emphasized the importance of focusing on core financial stability and development goals. The Secretary's remarks highlight a growing debate about the role of international financial organizations in a rapidly changing global economy. Experts suggest the comments could signal a shift in U.S. policy toward these institutions, potentially influencing future funding and collaboration.
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