Bessent urges World Bank to end restrictions on upstream oil, gas financing
US Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform procurement policies. He also advocated nuclear energy investments and stronger IMF scrutiny of global economic imbalances, reflecting the Trump administration’s push to reshape multilateral institutions around American priorities.
Key Takeaways
- US Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform procurement policies.
- He also advocated nuclear energy investments and stronger IMF scrutiny of global economic imbalances, reflecting the Trump administration’s push to reshape multilateral institutions around American priorities.
- Full details and original dispatch available below.
US Treasury Secretary Scott Bessent urged the World Bank to ease restrictions on oil and gas financing, support deep-sea mining, and reform procurement policies. He also advocated nuclear energy investments and stronger IMF scrutiny of global economic imbalances, reflecting the Trump administration’s push to reshape multilateral institutions around American priorities.
Original Publisher Attribution
This summary was curated from Economic Times.