Mmastodon WorldUS Politics first seen 21 h ago, last 5 min ago, peak #1
US Treasury Secretary Demands Sweeping World Bank Reforms
Original: “US Treasury Secretary Scott Bessent issued a long list of demands for the World Bank… including ending the bank's proh
US Treasury Secretary Scott Bessent has issued a list of demands directed at the World Bank. According to the claims, these include 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. The demands signal a push to steer the institution toward fossil fuel and mining finance.
Why now: The demands mark a significant shift in US policy toward the World Bank, with implications for climate finance and development lending.
Scott BessentUS TreasuryWorld Bank
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Evidence
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