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

Quick Summary:

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

Now it devotes disproportionate time and resources to work on climate change, gender, and social issues.

While the president put some of his tariffs on ice after a sell-off in the stock and bond markets, he tacked on more for China.

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Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets: United StatesChina

Topics: Politics World Bank Donald Trump IMF U.S. Department of the Treasury International Monetary Fund Scott Bessent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 18:02:38 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 110 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28176334

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