6U.S. Demands Reform: Treasury Secretary Slams IMF and World Bank for Losing Their Mission

U.S. Treasury Secretary Scott Bessent has issued sharp criticism of the International Monetary Fund (IMF) and the World Bank, stating that both institutions are "falling short" and urgently need reform.

"The IMF must be a brutal truth teller - and not just to some members. Today, the IMF has been whistling past the graveyard," Bessent said, emphasizing that the organizations have strayed from their original mission and are no longer functioning as objective and effective players in the global economy.

He stressed that the IMF and World Bank are increasingly under scrutiny amid growing global economic challenges. The United States is calling for structural reforms, greater transparency, accountability, and equal treatment of all member nations.
His remarks add momentum to the ongoing global debate about the future of international financial institutions and the role of the U.S. in shaping that future.