One of the big questions going into the World Bank-International Monetary Fund Spring Meetings was whether the United States would engage with the institutions, and if so, how? On Wednesday, U.S. Treasury Secretary Scott Bessent provided some answers.
“The IMF and World Bank serve critical roles in the international system, and the Trump administration is eager to work with them, so long as they can stay true to their missions, and under the status quo, they are falling short,” he said at an event organized by the Institute of International Finance.
The IMF should focus on global monetary policy and fiscal stability and the World Bank should hone-in on poverty alleviation and economic growth, he said.
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About the author
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
