US EditionUS Treasury's Bessent urges IMF, World Bank to refocus on core missions
- Treasury Secretary Scott Bessent criticized the IMF and World Bank operations in Washington on April 23, 2025.
- This criticism followed previous administration efforts to reform global financial institutions.
- He stated the institutions fall short, treating China like a developing country for favorable treatment.
- Bessent stated the IMF "has suffered from mission creep" and the World Bank needs reform.
- He also signaled potential de-escalation on China tariffs, seeing opportunity for a big deal.
119 Articles
119 Articles
Scott Bessent Backs Fossil Fuels For Developing Nations, Treasury Secretary Slams Renewables-Only Push As 'Luxury Belief' Amid Trump's 'Drill, Baby, Drill' Agenda - Occidental Petroleum (NYSE:OXY), Exxon Mobil (NYSE:XOM)
Treasury Secretary Scott Bessent voiced support for fossil fuel development in emerging economies, criticizing the push for renewables-only energy solutions as unrealistic for countries facing basic economic challenges.
The Billings Gazette
The Grand Island IndependentBessent seeks to calm
WASHINGTON — Treasury Secretary Scott Bessent leveled harsh criticism at the operations of the World Bank and the International Monetary Fund on Wednesday even as he tried to reassure nervous investors that the United States would maintain its global leadership…
IS TRUMP ABOUT TO SURRENDER?
Paul Krugman seems to think so. In his latest Substack column, he relates some highly irregular financial decisions that have recently taken place. To wit: "Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China...
Bessent IMF World Bank Reform Call Rocks Global Finance - American Faith
Treasury Secretary Scott Bessent delivered a forceful call for reform Wednesday, urging the International Monetary Fund (IMF) and World Bank to return to their founding missions and abandon political distractions that are undermining global financial stability. Speaking at the Institute of International Finance’s Global Outlook Forum, Bessent accused both institutions of drifting from their original post-WWII mandates of economic cooperation and…
Are Trump's Tariffs the Answer? Bessent's Bold Stance on International Finance
US Treasury Secretary Scott Bessent addressed international financiers at the Willard Hotel in Washington, DC, on Wednesday morning, saying that “America First does not mean America alone” but “fairness in the international economic system.”What does he see as fair? Rebalancing trade and ending the global economy’s overreliance on US demand. “This status quo of large and persistent imbalances is not sustainable,” he said, defending Donald Trump’…
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