Lhe International Monetary Fund (IMF) and the World Bank are in a delicate position. Created to enforce the global rules and support development, they are now taken in vice between a resolutely nationalist America – their main shareholder – and the rest of the world. If their leaders dare to tell the truth to power, they risk attracting the wrath of the President of the United States, Donald Trump; If they don’t, they may lose their legitimacy.
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The difficulty of maintaining this balance was obvious during the IMF spring meetings and the World Bank from April 21 to 26. The IMF’s mandate is to monitor exchange rates and policies in countries with an impact on global financial stability. This implies “denouncing” those whose actions will impoverish their neighbors. So far, the fund has been careful not to designate the United States as the main offender. The director general of the IMF, Kristalina Georgieva, confined herself to seeing the uncertainty “Outstanding” caused by American customs duties and urged countries to avoid “Self-inflicted injuries”.
-Trump’s dismantling of the US Development Agency (USAID) has destroyed programs that allowed the World Bank to act. But the president of the bank, Ajay Banga, did not raise this question during spring meetings. And the bank began to promote nuclear and neutral energy solutions in terms of technologically in order to seduce an American administration refractory to climate action.
Potential Trump targets
The IMF and the World Bank could be targeted by Trump and must prepare for it. No organization is indeed safe, and these two institutions are also targeted in Project 2025 published by the Heritage Foundation, considered as the matrix of Trump’s second mandate.
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