Bessent urges World Bank oil and gas project funding
US Treasury Secretary Scott Bessent demanded World Bank reforms to allow upstream oil and gas financing and critical minerals mining. He also urged the IMF to address non-market policies causing global imbalances.
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United States Treasury Secretary Scott Bessent demanded comprehensive World Bank and IMF overhauls, targeting fossil fuels and trade imbalances late Wednesday. The policy shift aligns multilateral lenders directly with White House economic objectives. The demands risk friction with emerging economies and major borrowers over global lending priorities.
