Critique of Global Financial Institutions
Treasury Secretary criticized the and for deviating from their core missions, urging a return to their foundational focus on macroeconomic stability, trade, and development.
Bessent criticized the IMF's emphasis on climate change, gender equity, and social policies as distractions from its primary goals, advocating for a reassessment of its priorities and a stricter stance on lending.
U.S. Leadership and Global Trade
Emphasizing "America First" as a strategy for deeper collaboration, Bessent reassured that the U.S. aims to strengthen its leadership within global institutions rather than retreat from them.
Addressing global trade imbalances, Bessent highlighted the need for China to shift its economic model away from export-driven growth, advocating for mutual efforts to rebalance trade relationships.