Congressman French Hill doesn’t support pulling the United States out of the multilateral system and said it’s compatible with President Donald Trump’s “America First” ethos. At the same time, multilateral institutions are “way off course,” especially when it comes to climate change.
“I believe these organizations — from the United Nations to the World Bank to the European Bank for Reconstruction to the IMF — are way, way off course. But I think only through forceful leadership from the United States, from our president, from our treasury secretary or secretary of state, can we move them back on course,” said the Republican lawmaker from Arkansas during a recent Devex Pro briefing.
As chairman of the House Financial Services Committee, Hill oversees the U.S. relationship with multilateral development banks, including the World Bank, which he slammed for disproportionately focusing on climate change at the expense, he said, of its core mission to alleviate poverty.