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Bessent targets IMF and World Bank, says they are ‘falling short’ because of ‘mission creep’
Treasury Secretary Scott Bessent leveled harsh criticism at the World Bank and International Monetary Fund Wednesday, saying "mission creep" and devoting "disproportionate time" to climate change, gender and social issues has caused the institutions to fall short.
Treasury Secretary Bessent Accuses IMF And World Bank Of "Mission Creep"
Treasury Secretary Scott Bessent spoke Wednesday to international economists attending IMF and World Bank spring meetings in Washington D.C. this week, telling them the Trump administration wants to overhaul these institutions to create a more "sustainable international economic system.
Bessent spoke to the Institute of International Finance as both the International Monetary Fund and World Bank held their ...
Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain ...
Treasury Secretary Scott Bessent said the institutions “serve critical roles in the international system. And the Trump ...
Treasury Secretary Scott Bessent said Wednesday that the Trump administration planned to pursue reforms at the International ...
The Bank of Japan should be flexible and data-dependent in proceeding with any further interest-rate hikes as US tariffs ...
Treasury Secretary Scott Bessent said the U.S. remains committed to playing a leadership role in the IMF and World Bank but ...
The International Monetary Fund has drastically cut its growth projections for this year and 2026, warning of an unsteady ...
Global financial leaders on Wednesday launched a blueprint for emerging-market debt restructurings, an effort to streamline a ...
The Bank of Japan is likely to push back the timing of further interest rate hikes as uncertainty triggered by U.S. tariffs ...
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