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“The I.M.F. has suffered from mission creep,” Treasury secretary Scott Bessent said in remarks to the Institute of International Finance.
“The I.M.F. was once unwavering in its mission of promoting global monetary cooperation and financial stability.
Now it devotes disproportionate time and resources to work on
💥climate change, 💥gender, and 💥social issues.”
Arguing that its focus has overshadowed its economic mission, Mr. Bessent added:
👉“These issues are not the I.M.F.’s mission.”
The Treasury secretary also had tough criticism for the
World Bank, which under the Biden administration increased its focus on combating climate change.

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