US Treasury Chief Urges Stronger IMF Role Against 'Distortionary Policies'

US Treasury chief urges stronger IMF role against 'distortionary policies'

"Policymakers around the world are having difficult discussions about how to sustain market-based systems amid distortionary policies from some economies that skew competition and hurt employment," Bessent said. He added that the International Monetary Fund was founded to prevent these such policies and negative spillovers. The IMF, he added, "must exercise its voice on this critical issue or risk being sidelined." Bessent made the push in a pre…

Bessent Pushes IMF on ‘Distortionary’ Policies, in China Signal

Treasury Secretary Scott Bessent pushed the International Monetary Fund to call out “distortionary policies” by non-market economies that are posing challenges for global policymakers, in an apparent veiled reference to China and its still-growing imbalances.

Bessent urges IMF to scrutinise China's 'non-market' policies, exchange rates - OrissaPOST

Washington: US Treasury Secretary Scott Bessent has urged the International Monetary Fund to step up its scrutiny of “non-market policies and practices and exchange rates” and called the planned end of World Bank lending to China “an important milestone”. The remarks Wednesday (local time) came in a written statement from Bessent to the World Bank […]

US urges stronger IMF role against 'distortionary policies', calls end of World Bank lending to China 'important' step

Digital Desk | Washington, Oct 15 (IANS) US Treasury Secretary Scott Bessent has urged the International Monetary Fund to step up its scrutiny of “non-market policies and practices and exchange rates” and called the planned end of World Bank lending to China “an important milestone”. The remarks on Wednesday (local time) came in a written statement from Bessent to the World Bank Development Committee and the IMF’s International Monetary and Fi…

US urges stronger IMF role against ‘distortionary policies’, calls end of World Bank lending to China ‘important’ step

Washington, Oct 15 (SocialNews.XYZ) US Treasury Secretary Scott Bessent has urged the International Monetary Fund to step up its scrutiny of “non-market policies and practices and exchange rates” and called the planned end of World... - Social News XYZ