Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
Tag: International Monetary Fund
Lebanon, Ravaged by Israel-Hezbollah War, Needs Changes to Unlock Aid
For years, the country has failed to enact financial and governance overhauls required by lenders. The recent fighting has made that problem urgent.
Mirroring Trump, Milei Pulls Argentina From W.H.O.
President Javier Milei has sought to align Argentina with President Trump, even if it means breaking with previous allies and partners.
Horst Köhler, 81, Former German President and I.M.F. Leader, Dies
He held the ceremonial post of German president after a finance-focused career. Shortly into his second term, he became the first German president in four decades to resign.
For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.
Milei Tames Inflation in Argentina With Painful Policies, Sparking Applause and Anger
A year after becoming president, Javier Milei has been praised inside and outside Argentina for reining in galloping inflation. But his economic policies have inflicted widespread hardship.
Sri Lankan Leader’s Leftist Coalition Wins Elections
The National People’s Power won a parliamentary election that will allow the country’s new president to unroll his reform agenda, including broader welfare assistance.
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.