Treasury official says withdrawing the US from the IMF and World Bank would be a 'step backward'
- A top U.S. Treasury official stated that withdrawing from the IMF and World Bank would be “a step backward,” highlighting concerns about economic security before the presidential election.
- According to Shambaugh, the U.S. Withdrawal would negatively impact economic security and reduce influence in these institutions.
- Shambaugh emphasized the importance of U.S. Leadership, stating, “we would have less influence and we would weaken these institutions.
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