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Scott Bessent says the World Bank and the IMF need a general repairs: ‘Mission creeping these institutions dismantled the road’



  • Scott Bessent called to change the broom The World Bank and the International Monetary Fund claims to re-contact with their missions, and claims to be mistaken for China.

Treasury Secretary Scott Bessent called on the International Finance Institute on Wednesday, the World Bank and the International Monetary Fund, and claimed that the two institutions should be contacted again.

“The IMF and the World Bank have a sustainable value, but these institutions of the mission creepy, of course, the cadet beat,” he said. The two falls short, said and need reforms.

IMF and the World Bank did not respond immediately Lucky Survey for comments.

Bessent, Trump management so far he wants to work with institutes, claimed that they are faithful to their missions. He called on their agenda and not burned and delivering them in their nuclei mandate: To promote global macroeconomic and financial stability and long-term economic development and poverty for the world bank for the IMF. Trump management will use the American management and the impact of these institutions and will give a boost for change.

“The IMF mission suffered from reptile.” “The IMF was unshakable in the mission of promoting global co-operation and financial stability. Now, climate change, separates disproportionate and sources to work on sexual and social problems.”

According to him, the International Money Fund, if you have a brutal truth. Instead, he said, “past the cemetery.” The day before the bvf notier The global economy began to slow down due to uncertainty and trade tension, and the United States would suffer when economic growth. Bessent said others were open to criticism as long as they heard.

“The IMF must call the countries that performed distorted policies and opaque currency experiences in the world for a perennial,” he said.

After a sale of a sale in the stock and bond markets, the president puts some tariffs on the ice with ice and tied China more. China has retaliated, the growing trade war threatened. Since Bessent may be a less danger at the moment sad a “escalation”. Trump at sign In the tariffs reduced in Chinese goods and report Tell the White House to sow their tariffs soon in China.

It has not yet stored Bessent declare China needs to change or call global financial institutions to save the board. “Treatment of China … As a developing country, Bessent pointed out by pointing to the World Bank. Bank, he said he was killed in his mission.

“The bank has no longer waiting for vapid, buzzwordentend-centric marketing,” he said.

This story was first displayed Fortune.com



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