Bessent says IMF, World Bank need reform, says there's 'opportunity for big deal' with China https://www.taxtmi.com/news?id=41830 Scott Bessent called for reform of the IMF and World Bank, criticising their mission creep into climate, gender and social agendas and warning against unquestioning funding for projects lacking mission alignment. He framed US support as conditional on these institutions reaffirming core mandates and improving governance. Bessent also challenged China's developing-country treatment, urging reclassification and proposing coordinated rebalancing-boosting US manufacturing while increasing Chinese consumption-as a strategic alternative to unilateral pressure. en-us Thu, 24 Apr 2025 02:01:04 +0530 Thu, 24 Apr 2025 02:01:04 +0530 TaxTMI RSS Generator Bessent says IMF, World Bank need reform, says there's 'opportunity for big deal' with China https://www.taxtmi.com/news?id=41830 Scott Bessent called for reform of the IMF and World Bank, criticising their mission creep into climate, gender and social agendas and warning against unquestioning funding for projects lacking mission alignment. He framed US support as conditional on these institutions reaffirming core mandates and improving governance. Bessent also challenged China's developing-country treatment, urging reclassification and proposing coordinated rebalancing-boosting US manufacturing while increasing Chinese consumption-as a strategic alternative to unilateral pressure. News - Thu, 24 Apr 2025 02:01:04 +0530 https://www.taxtmi.com/news?id=41830