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    • The future of US aid

    Treasury under secretary for international affairs urges Trump to continue World Bank, IMF support

    Nathan Sheets, the Treasury under secretary who oversees international economic issues, made a clear case for continued U.S. support for the IMF and World Bank under Trump amid fears the new president could take an anti-multilateral approach once in office.

    By Sophie Edwards // 24 January 2017

    The U.S. Treasury official for international affairs said it was important for the U.S. to “remain active” in multilateral institutions including the International Monetary Fund, World Bank, G20 and G7 during the presidency of Donald Trump.

    Nathan Sheets was speaking at the Carnegie Endowment for International Peace in Washington, D.C. His comments come amid fears the incoming administration could scale back U.S. support for multilateral institutions.  

    Trump has made threats against the United Nations, calling it a “club” for people to “have a good time.” Republican politicians have also put forward bills to reduce U.N. funding, or defund the U.N. entirely, unless the December 2016 U.N. Security Council resolution condemning Israeli settlements is reversed.

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    About the author

    • Sophie Edwards

      Sophie Edwards

      Sophie Edwards is a Devex Contributing Reporter covering global education, water and sanitation, and innovative financing, along with other topics. She has previously worked for NGOs, and the World Bank, and spent a number of years as a journalist for a regional newspaper in the U.K. She has a master's degree from the Institute of Development Studies and a bachelor's from Cambridge University.

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