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U.S. Pushes Reform for World Bank and IMF

5/22/2025

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent emphasized a distinct U.S. policy for the World Bank and IMF compared to UN bodies.
The U.S. seeks to reform these institutions to enhance national safety and prosperity.
The IMF is urged to focus on macroeconomic surveillance and equitable currency practices, especially concerning China.
The World Bank should foster market-driven growth for the benefit of the U.S. and global economy.

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Story summary

U.S. Treasury Secretary Scott Bessent emphasized a distinct U.S. policy for the World Bank and IMF compared to UN bodies.
The U.S. seeks to reform these institutions to enhance national safety and prosperity.
The IMF is urged to focus on macroeconomic surveillance and equitable currency practices, especially concerning China.
The World Bank should foster market-driven growth for the benefit of the U.S. and global economy.