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Bessent targets IMF and World Bank

Reuters on MSN · 32m

IMF's Georgieva, World Bank's Banga need to earn Trump administration's trust, Bessent says

U.S. Treasury Secretary Scott Bessent on Wednesday said IMF chief Kristalina Georgieva and World Bank President Ajay Banga are both good leaders but must earn the Trump administration's trust by refocusing the institutions on their core missions.

Associated Press News · 2h

Bessent targets IMF and World Bank, says they are ‘falling short’ because of ‘mission creep’

Treasury Secretary Scott Bessent leveled harsh criticism at the World Bank and International Monetary Fund Wednesday, saying "mission creep" and devoting "disproportionate time" to climate change, gender and social issues has caused the institutions to fall short.

The Washington Post on MSN · 6h

Trump administration says IMF and World Bank are falling short of their missions

The treasury secretary said the Trump administration remains committed to playing a leadership role in the IMF and the World Bank but will “demand that the management and staff of these institutions be accountable for demonstrating real progress.

IMF Warns of New Global Debt Surge

Bloomberg · 7h

IMF Warns of New Global Debt Surge as Economic Growth Weakens

The International Monetary Fund warned that global public borrowing will likely surge this year as trade tensions triggered by the US lead to slower economic growth and more volatility on financial markets.

Reuters on MSN · 7h

IMF says tariff pressures to push global public debt past pandemic levels

Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100% of global GDP by the end of the decade as slower growth and trade strain government budgets,

Wall Street Journal · 6h

IMF Warns Against Support for Tariff-Hit Businesses as Government Debts Surge

Higher tariffs and heightened geopolitical tensions may push government debts to new highs over the coming years, making the need for policymakers to outline robust plans for containing the surge more pressing,

2hon MSN

Scott Bessent says the World Bank and IMF need a total overhaul: ‘Mission creep has knocked these institutions off course’

Scott Bessent called for sweeping change at the World Bank and International Monetary Fund, claiming they needed to reconnect ...

1h

IMF Issues Playbook for Faster Sovereign Debt Restructurings

Global financial leaders on Wednesday launched a blueprint for emerging-market debt restructurings, an effort to streamline a ...

4hon MSN

Bessent Chides IMF, World Bank as He Says ‘America First Does Not Mean America Alone’

Bessent spoke to the Institute of International Finance as both the International Monetary Fund and World Bank held their ...

3h

Trump tariffs live updates: Treasury secretary criticizes IMF, World Bank

ABC News's Mary Bruce asked Trump if he agreed with Treasury Secretary Scott Bessent who suggested that the current standoff ...

3hon MSN

Bessent assails IMF and World Bank and says there’s an ‘opportunity for a big deal’ with China

Treasury Secretary Scott Bessent has assailed the International Monetary Fund and the World Bank even as he tries to reassure ...

5hon MSN

Bessent says US will seek reforms of IMF, World Bank

Treasury Secretary Scott Bessent said Wednesday that the Trump administration planned to pursue reforms at the International ...

2h

Bessent criticizes IMF, World Bank as China tariffs grim outlook persists

Treasury Secretary Scott Bessent blasted the International Monetary Fund and the World Bank as worries over President Trump's ...

9h

IMF Appoints First Mission Chief to Syria in 14 Years

BEIRUT (Reuters) - The International Monetary Fund has appointed Ron van Rooden as head of its mission to Syria, Syria's ...

5h

European Central Bank should only cut interest rates once more this year, IMF Europe head says

The ECB should hold its key rate at 2% from the summer barring major shocks, Alfred Kammer, director of the European ...

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