🇺🇸 The Trump administration has taken a firm stance on the future of the IMF and World Bank, calling for significant reforms to realign their missions!

At the spring meetings, Treasury Secretary Bessent criticized these institutions for straying from their original focus, now tackling issues like climate change and social matters. He emphasized the need for the U.S. to expand its leadership from within.

"The IMF and World Bank serve critical roles in the international system," Bessent stated, but they must stay true to their missions.

He also urged these organizations to address China's disruptive monetary policies, insisting that the IMF should not condone such practices.

With the IMF recently cutting its global growth forecast amid trade tensions, the relationship between the U.S. and these institutions is more crucial than ever.

What are your thoughts on these developments? Let us know! 👇