{"id":392072,"date":"2026-04-14T19:46:09","date_gmt":"2026-04-14T19:46:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/392072\/"},"modified":"2026-04-14T19:46:09","modified_gmt":"2026-04-14T19:46:09","slug":"us-treasury-chief-backs-imf-world-bank-shift-says-institutions-on-right-track-after-criticism","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/392072\/","title":{"rendered":"US Treasury chief backs IMF, World Bank shift; says institutions on \u2018right track\u2019 after criticism"},"content":{"rendered":"

\"US US Treasury Secretary Scott Bessent on Tuesday said the International Monetary Fund<\/a> and the World Bank<\/a> are moving in a \u201cconstructive way\u201d signalling a softer stance a year after sharply criticising both institutions, AFP reported.Bessent said the two global lenders are now aligning more closely with their core mandates as he addressed an event on the sidelines of their spring meetings.He congratulated the leadership of both institutions, saying they were progressing positively in addressing global economic challenges.\u201cThe IMF is working on bringing Venezuela back in, to make it look more like a normal economy,\u201d Bessent said, adding that he expects the fund to play a \u201cvery important role\u201d there.On the World Bank, he said its leadership on energy and development was improving. \u201cWorld Bank leadership in terms of energy and unlocking resources and stability for the very poorest countries, I think, it’s back on a great trajectory,\u201d he said.The remarks mark a shift from last year, when Bessent criticised the IMF and World Bank for focusing too much on social and climate-related issues instead of economic growth.He had then said the IMF was spending \u201cdisproportionate time\u201d on topics such as climate change and gender, and urged the World Bank to prioritise core functions like boosting growth, reducing poverty and increasing investments.On Tuesday, Bessent said \u201cI think the World Bank has made a good pivot,\u201d particularly pointing to its renewed focus on nuclear energy.The World Bank had last year announced a return to nuclear energy financing after decades, as part of efforts to meet rising electricity demand in developing economies.Bessent said the institution is now taking a more supportive stance towards \u201cenergy abundance\u201d and is \u201cgetting back to the core mission of lifting people out of poverty.\u201dHe also criticised an emphasis on social and climate issues, describing such priorities as \u201cluxury beliefs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"US Treasury Secretary Scott Bessent on Tuesday said the International Monetary Fund and the World Bank are moving…\n","protected":false},"author":2,"featured_media":392073,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,19127,46,183580,2635,71967,17510],"class_list":{"0":"post-392072","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-il","11":"tag-international-monetary-fund","12":"tag-israel","13":"tag-poverty-reduction","14":"tag-scott-bessent","15":"tag-us-treasury-secretary","16":"tag-world-bank"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/392072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=392072"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/392072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/392073"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=392072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=392072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=392072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}