Bessent Calls for World Bank Shift to Critical Minerals
Scott Bessent urged the World Bank to pivot from climate focus to critical minerals. He also backed an IMF quota revamp to boost global financial stability.
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United States Treasury Secretary Scott Bessent has signaled a significant shift in the nation's approach to international development finance, calling for the World Bank to prioritize the development of critical minerals. During a statement to the International Monetary Fund (IMF) steering committee, Bessent emphasized the need to diversify supply chains currently dominated by China.
