United States Treasury Secretary Scott Bessent's Vision for Global Economic Reform

In a compelling address at the Institute of International Finance (IIF), United States Treasury Secretary Scott Bessent clarified that the "America first" policy is not about isolation but about fostering deeper collaboration and mutual respect among trade partners. "America first seeks to restore fairness to the international economic system," Bessent emphasized.

Rebalancing Global Commerce

Bessent outlined the US's proactive steps towards rebalancing global commerce, highlighting the need for a more equitable international trade environment. He also pointed out the critical role of international organizations in this endeavor.

Call for IMF and World Bank Reform

Addressing the audience, Bessent called for the International Monetary Fund (IMF) and the World Bank to become more effective and efficient. His speech underscored the importance of these institutions in achieving global economic stability and fairness.