The South African G20 Presidency failed to issue a communiqué and opted not to issue a Chair’s statement at the IMF and World Bank Spring Meetings as the US administration’s explicit hostility to multilateralism significantly decreases the potential for consensus across all multilateral fora.
IFI governance
Analysis
US Treasury Secretary Scott Bessent indicates US will stay in the Bank and Fund, claiming “America First does not mean America alone,” as tariffs and rising debt vulnerabilities prompt gloomy forecast.
