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Bessent demands fixes at IMF and World Bank

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 with their missions, faulting their dealings with China. Treasury secretary Scott Bessent,

Reuters · 19h

US Treasury's Bessent urges IMF, World Bank to refocus on core missions

U.S. Treasury Secretary Scott Bessent on Wednesday called on the International Monetary Fund and World Bank to refocus on their core missions of macroeconomic stability and development, arguing that they have strayed too far into vanity projects such as climate change that have reduced their effectiveness.

Daily Journal · 17h

US Treasury chief says IMF, World Bank must be 'fit for purpose'

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growt

IMF, debt and tariff

UPI on MSN · 12h

Uncertainty expands debt in developing countries, IMF warns

In its latest Fiscal Monitor briefing, the International Monetary Fund warned that escalating global uncertainty from rising tariffs to volatile financial markets is putting emerging markets and devel

The Wall Street Journal on MSN · 9h

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,

Reuters · 22h

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,

IMF, Global growth forecasts

Reuters on MSN · 1d

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

The International Monetary Fund on Tuesday slashed its growth forecasts for the United States, China and most countries, citing the impact of U.S. tariffs now at 100-year highs and warning that rising trade tensions would further slow growth.

The Financial Times · 1d

IMF cuts UK growth outlook for 2025 and predicts further BoE rate reductions

A looming rise in inflation, which led the fund to increase expectations for UK price rises this year, is likely to be a temporary phenomenon that leaves room for rate reductions, it predicted. The IMF ’s growth outlook for the UK was shaved back from 1.

The Independent on MSN · 9h

Global growth forecasts slashed in fallout from tariffs, IMF warns

US tariffs leading to global trade disruption and unprecedented uncertainty is set to significantly slow growth in economies around the world, the International Monetary Fund (IMF) has warned.The organisation said it is slashing its global growth forecast by 0.

12hon MSN

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

Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain ...

18hon 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 ...

19hon 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 ...

15hon MSN

Trump administration says IMF, World Bank ‘falling short’ of missions

Treasury Secretary Scott Bessent said the U.S. remains committed to playing a leadership role in the IMF and World Bank but ...

14hon MSN

IMF Urges BOJ Flexibility on Tightening as Trump Dents Outlook

The Bank of Japan should be flexible and data-dependent in proceeding with any further interest-rate hikes as US tariffs ...

13h

The IMF forecasts a seismic shift in the global economy

The International Monetary Fund has drastically cut its growth projections for this year and 2026, warning of an unsteady ...

11hon MSN

IMF expects BOJ to delay further rate hikes due to tariff uncertainty

The Bank of Japan is likely to push back the timing of further interest rate hikes as uncertainty triggered by U.S. tariffs ...

16h

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 ...

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Bessent demands fixes at IMF and World Bank

IMF, debt and tariff

IMF, Global growth forecasts

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