[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111714-en":3,"doc-seo-111714-105":29,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},111714,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Scott Bessent - 112th Meeting of the Development Committee - Statement","Statement by U.S. Treasury Secretary Scott Bessent at the 112th meeting of the Development Committee, outlining priorities for strengthening global economic growth and stability. The remarks emphasize returning the IMF and World Bank to their core missions while improving accountability and effectiveness in deploying resources. Key themes include the need for more focused IMF surveillance on macro-financial and financial stability, tighter alignment of IMF programs and conditionality with expertise, and safeguards to ensure sufficient IMF resources and stronger reform-driven outcomes.","Public Disclosure Authorized  \nPublic Disclosure Authorized  \nDEVELOPMENT COMMITTEE  \n(Joint Ministerial Committeeof the  \nBoards of Governors of the Bank and the Fundon theTransfer of Real Resources to Developing Countries)  \nONE HUNDRED AND TWELFTH MEETINGWASHINGTON,DC-OCTOBER 16,2025  \nStatement by  \nScott BessentSecretary of the Treasury  \nUnited States  \nDC/S/2025-0066  \nOctober 16,2025  \n# U.S.TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS\n\nStatement by  \nScott BessentSecretary of the Treasury  \nUnited States  \n# 112ᵗhMeeting of the Development Committee\n\nOctober 16,2025  \nWashington,DC  \nAs we convene for this year's Annual Meetings,the United States looks forward to working closely withpartners around the world to confront today's global economic challenges and secure a future underpinnedby growth and stability.Achieving success will require collaboration with international financialinstitutions that are highly effective,efficient,and accountable in implementing their core mandates.  \nThe International Monetary Fund (IMF)and the World Bank can support America's efforts to secure amore balanced,prosperous,and stable global economy through a return to their core missions anddisciplined deployment of their resources.We have seen some progress towards these goals since the SpringMeetings.The IMF is folding its climate and gender units into one that is focused on macro-financial andstructural policies,and management has eliminated extraneous,non-core issues from its Board WorkProgram.The World Bank has moved in the direction of an all-of-the-above approach to energy byremoving its prohibition on the financing of nuclear power generation.And,the Bank has increased theweight given to quality in procurement decision making and boosted outreach to industry,both of whichstand to improve the efficiency and effectiveness of its financing.Nonetheless,the IMF and World Bankmust take more concerted steps to focus on their respective core missions and deliver greater impact to thecountries they support and greater value to taxpayers from the United States and other shareholders.  \nHere in the United States,we have been implementing President Trump's America First economic agendaof tax cuts,energy abundance,and regulatory modernization.They are interlocking parts of an enginedesigned to drive economic growth and domestic manufacturing:tax cuts raise real incomes for familiesand businesses;an affordable,reliable,and secure energy supply drives down the cost of doing business;and regulatory modernization complements both by making it easier to invest in and grow new businesses.This includes passing landmark tax legislation in July to unleash the full potential of the U.S.economy,toprotect American workers and families,and to save taxpayer dollars by cutting waste,fraud,and abuse.Thanks to actions taken by the Trump Administration,businesses are investing in America again.A  \nrevitalized private sector will propel economic growth and maintain America's position as the mostdynamic economy in world.  \nAt a global level,we have been encouraging others to follow our lead and to take steps to increase economicgrowth.However,the growth outlook remains weak and unbalanced.Many countries continue to faceongoing regional conflicts,governance challenges,and other barriers to economic prosperity such asoverregulation.Strengthening resilience and pursuing policies and projects that boost productivity will helpcountries withstand shocks and grow while improving economic prospects worldwide.This is where thework of the IMF and the World Bank is critical  \nThe IMF is uniquely positioned to provide bilateral and multilateral economic surveillance that identifiesimbalances and risks,facilitates the balanced growth of international trade,and discourages harmfulpolicies.We see surveillance as the first layer of an effective global financial safety net.Unfortunately,theIMF's adherence to this part of its mandate has weakened over the past decades.We expect the","cbCaidvkoRcD3oKu","https://ap.wps.com/l/cbCaidvkoRcD3oKu","pdf",1660924,1,5,"English","en",105,"# Statement by Scott Bessent\n## Meeting context and U.S. economic priorities\n## Role and required focus of the IMF and World Bank\n## Expectations for IMF surveillance and program conditionality\n## Safeguarding IMF resources and reform effectiveness","[{\"question\":\"What is the main purpose of Scott Bessent’s statement at the Development Committee meeting?\",\"answer\":\"To lay out expectations for how the IMF and the World Bank should concentrate on core missions to improve impact, value to member countries, and effectiveness of resource use.\"},{\"question\":\"How does the statement describe the U.S. economic agenda and its connection to international collaboration?\",\"answer\":\"It links U.S. tax cuts, energy abundance, and regulatory modernization as components of an agenda intended to drive growth, and it stresses working with global partners to address economic challenges.\"},{\"question\":\"What changes does the statement call for regarding IMF surveillance and programs?\",\"answer\":\"It calls for strengthening IMF surveillance with objectivity and evenhandedness, focusing on macroeconomic and financial stability, and keeping IMF conditionality centered on the institution’s core 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is the main purpose of Scott Bessent’s statement at the Development Committee meeting?","Question",{"text":75,"@type":76},"To lay out expectations for how the IMF and the World Bank should concentrate on core missions to improve impact, value to member countries, and effectiveness of resource use.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How does the statement describe the U.S. economic agenda and its connection to international collaboration?",{"text":80,"@type":76},"It links U.S. tax cuts, energy abundance, and regulatory modernization as components of an agenda intended to drive growth, and it stresses working with global partners to address economic challenges.",{"name":82,"@type":73,"acceptedAnswer":83},"What changes does the statement call for regarding IMF surveillance and programs?",{"text":84,"@type":76},"It calls for strengthening IMF surveillance with objectivity and evenhandedness, focusing on macroeconomic and financial stability, and keeping IMF 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