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Bessent Chides IMF, World Bank

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

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

Associated Press News · 45m

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.

Yahoo · 37m

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 tariffs persist. CBS MoneyWatch correspondent Kelly O'Grady reports.

IMF Warns of New Global Debt Surge

Bloomberg · 5h

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 · 5h

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 · 4h

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,

28mon MSN

Bessent Says US Backs IMF and World Bank, While Calling for Reforms

Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while ...

2hon MSN

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

U.S. Treasury Secretary Scott Bessent said on Wednesday that International Monetary Fund Managing Director Kristalina ...

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 ...

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 ...

Legit.ng on MSN4h

IMF Apologises to Nigeria Over Comments on Impact of Tinubu’s Reforms on the Poor

Kristalina Georgieva, the managing director of the International Monetary Fund(IMF), has reportedly apologised to Nigeria ...

The Herald on MSN11h

IMF: Heightened economic policy uncertainty significantly increases financial stability risk

Global banking and financial markets are calm with low volatility as central banks have begun easing rates after bringing inflation back near target, the IMF said in Washington, DC Monday (April ...

22h

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, ...

IMF Slashes Global Growth Forecast, Says Downside Risks Dominate

The International Monetary Fund sharply lowered its forecasts for world growth for this year and next, warning the outlook ...

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Bessent Chides IMF, World Bank

IMF Warns of New Global Debt Surge

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