Bessent calls for World Bank reforms, including upstream oil and gas financing - BOE Report
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US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank in line with Trump administration interests, including ending the bank’s prohibition on financing upstream oil and gas projects, putting resources into deep-sea critical minerals mining and reforming its procurement policies.
Bessent, in a statement issued late on Wednesday to the steering committees of the World Bank and International Monetary Fund, also said that the IMF should do more to push back on countries’ non-market policies that lead to global imbalances, a veiled reference to US criticism of China.
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