Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.

Bessent said the Trump administration would not seek to retreat from those institutions but instead push to play a stronger leadership role and push for major changes to those ins

Treasury Secretary Scott Bessent called for a course correction for the International Monetary Fund and World Bank, while saying that they serve “critical roles,” and that the Trump administration is willing to work with them.