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Fortune
Fortune
Alena Botros

Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Scott Bessent World Bank Donald Trump Institute of International Finance China International Monetary Fund
(Credit: Andrew Harnik/Getty Images)
  • Scott Bessent called for sweeping change at the World Bank and International Monetary Fund, claiming they needed to reconnect with their missions, faulting their dealings with China. 

Treasury secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, called for a sweeping overhaul at the World Bank and International Monetary Fund, and claimed the two institutions need to be reconnected with their missions. 

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