The Secretary of the Treasury, Scott Besent, laughed the International Monetary Fund on Wednesday for focusing its resources on the promotion, aroused the causes of economic stability.
Speaking in the forum of the International Finance Institute in Washington, DC, Bessent accused the IMF of “Mission Seap”, stating that the agency “spends time and despising resources to work in climate change, gender and social problems.”
“The focus on these areas is a work on macro matters -critical economic,” Bessent said. “The IMF has been whistled conforms to the cemetery.”
Besent, 63, also warned the associated institution of the IMF in the World Bank, a development lender who claims to eliminate poverty and combat climate change, which needs to control excessive spending.
The founder of the Investment firm of the Key Square group said that officials there “should no longer wait for blank for the accessor of Vapid marketing and fashion words with the body of half commitments to reform” and that it must be “suitable for the purpose again.”
“The IMF and the World Bank perform critical roles in the international system. And the Trump administration is anxious to work with them, provided they can stay faithful to their missions,” Besent said.
The Bothies urged “to be re -enforced in their central missions” and said they would be “responsible.”
The publication has approached the IMF and the World Bank to comment.
“The American domain of these institutions remains a large part of the United States first,” said a source familiar with the matter to the post.
Besent also points to the Chinese Communist Party of Beijing for “exporting its path of its economic problems.”
Besent’s comments occurred only one day after the DC -based institution reduced its growth forecast for the US economy.
Experts cited continuous uncertainty on Trump’s release rates as the main reason why they reduced expectations for 2025 1.8% of 2.7% in January.
“The announcement of the Rosas Garden on April 2 forced us to get rid of our projections,” said the chief economist of the FMI Pierre Olivier Gourinchas on Tuesday.
“The common denominator is that tariffs are a negative offer shock for the economy, which imposes them,” he added.
Besent told the audience in DC previously that “more than 100 countries” had approached the current administration for conversations from the announcement of the so -called reciprocal tariffs earlier this month.
The IMF was created from the Bretton Woods conference in 1944 at the New Hampshire when the United States, the United Kingdom and the former Soviet Union discussed how to shape the global economy after World War II.
The agency of 190 members is often described as a lender of the last resort because it helps rescue the economies loaded with debts, Althhehehritics says that they are often austerity measures that are too hard.
This global financial firefighter was at the forefront of the European debt crisis in 2008, when the eurozone economies were sent to the crisis after Lehman Brothers’s collapse.
He asked nations such as Greece, Ireland and Spain to reduce social spending and cut the public sector in exchange for loans backed by richer IMF members.
Ironically, the global lender officials also enjoy luxurious virtual advantages without knowing in the private sector and many people in countries that take their loans can only dream …
The publication revealed in December how its employees can obtain cutting rate access to a luxury golf and golf club that costs regular Joes at least $ 20,000 to join.
The main directors of the IMF can raise around $ 437,000 annually, compared to $ 52000 for Junior employees, according to the latest salary information available publicly.
They can also collect striking retirement benefits, including the pension of “a generous final salary” and comprehensive world health insurance worldwide
