News

U.S. Calls for Sweeping Reforms to I.M.F. and World Bank
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their ...
Bessent says US will seek reforms of IMF, World Bank
Bessent sharply criticized the IMF and World Bank, saying that “mission creep has knocked these institutions off course.” He ...
Bessent Says US Backs IMF and World Bank, While Calling for Reforms
Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while ...
Bessent Chides IMF, World Bank as He Says ‘America First Does Not Mean America Alone’
Bessent spoke to the Institute of International Finance as both the International Monetary Fund and World Bank held their ...
Trump administration says IMF, World Bank ‘falling short’ of missions
Treasury Secretary Scott Bessent said the U.S. remains committed to playing a leadership role in the IMF and World Bank but ...
Bessent says IMF and World Bank need reform and there’s an ‘opportunity for a big deal’ with China
Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain ...
IMF's Georgieva, World Bank's Banga need to earn Trump administration's trust, Bessent says
U.S. Treasury Secretary Scott Bessent on Wednesday said IMF chief Kristalina Georgieva and World Bank President Ajay Banga ...
Developing countries should fast-track US trade deals: World Bank president
Developing countries should strike swift trade deals with the United States at the "earliest possible" opportunity, the ...
Bessent assails IMF and World Bank and says there's an 'opportunity for a big deal' with China
Bessent assails IMF and World Bank and says there's an 'opportunity for a big deal' with China President Donald Trump has ...
World Bank is not an American bank, German development minister says
The Trump administration cannot determine the mission of the World Bank because the global lender's goals are based on ...