[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111351-en":3,"doc-seo-111351-105":29,"detail-sidebar-cat-0-en-105":89},{"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":4,"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},111351,549758252649,"Ivy","https://ap-avatar.wpscdn.com/avatar/8000253669c5317157?_k=1778319167496531819",8,"Research & Report","Statement by Scott Bessent - 111th Meeting of the Development Committee - April 24, 2025","Scott Bessent’s statement to the 111th meeting of the Development Committee outlines U.S. aims for the IMF and World Bank ahead of the spring meetings. It emphasizes restoring the institutions’ core missions: IMF macroeconomic and financial stability, and World Bank poverty reduction and economic growth. The statement calls for stronger policy discipline, anti-corruption efforts, fair and transparent currency practices, improved IMF program quality and debt sustainability, and a World Bank shift toward foundational investment, governance, and self-reliance that enables job-rich private sector-led growth.","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 ELEVENTH MEETINGWASHINGTON,DC-APRIL 24,2025  \nStatement by  \nScott BessentSecretary of the Treasury  \nUnited States  \nDC/S/2025-0033  \nApril 24,2025  \n# U.S.TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS\n\nStatement by  \nScott BessentSecretary of the Treasury  \nUnited States  \n# 111ʰMeeting of the Development Committee\n\nApril 24,2025  \nWashington,DC  \nI look forward to this year's Spring Meetings of the International Monetary Fund(IMF)and World Bank,and meeting with counterparts as we discuss critical issues facing the global economy and the importantrole of these institutions.  \nIn the United States,we aim to support a sustained economic expansion that improves the lives of allAmericans.The Trump Administration remains focused on driving economic growth supported by private-sector demand,bringing down inflation,controlling federal spending,and restoring fairness in U.S.traderelationships.  \nI see several opportunities for the IMF and World Bank to serve their membership better and contribute tomaking America safer,stronger,and more prosperous,with ample opportunities for American citizens andcompanies to benefit.International Financial Institutions that promote sustainable global economic growthand stability will help the private sector thrive and expand economic opportunities for all.  \nAfter 80 years,we need to restore the foundations of the IMF and World Bank.The United States continuesto appreciate the value the Bretton Woods Institutions can provide,but they must step back from theexpansive policy agendas that stifle their ability to deliver on their core missions.In the case of the IMF,its core mission remains macroeconomic and financial stability.And for the World Bank,this is povertyreduction and economic growth.For low-income countries in particular,both the IMF and World Bankshould promote policy discipline for countries to strengthen their institutions,tackle corruption,andultimately lay the foundation for sound investment so that they see a future that no longer relies on donorassistance.These economies should instead be driven by job-rich,private sector-led growth andunderpinned by fiscal prudence and domestic revenue mobilization.  \nThe IMF plays a key role in the international monetary system,particularly through its core functions ofmacroeconomic surveillance and lending to members facing balance of payments crises.However,inrecent years,the IMF has strayed from its mandate,trying to develop expertise in nearly all global issuesand participate in every forum.In doing so,the IMF has overburdened its staff and lost focus on the coremacroeconomic issues it was created to address.  \nWith global growth prospects weighed down by persistent imbalances,high debt,and low productivitygrowth,we need the IMF to return to its core mandate through a renewed focus on its areas of expertise,including exchange rate,fiscal,monetary,and financial sector issues.  \nAs part of a return to its core mandate,the IMF must conduct robust analysis and put greater pressure onmembers to maintain fair and transparent currency practices.We must work together to tackle excesscapacity in systemic economies like China and respond to unfair practices.To do so,the IMF needs to stepup and provide a frank and evenhanded assessment of policies that hold back domestic demand and generatenegative spillovers,harming workers and businesses in other countries.  \nIn lending,the IMF must improve the quality and effectiveness of its programs so that countries exit thesearrangements on a stable footing and avoid prolonged dependence on IMF support.To do so,the IMF mustrenew its emphasis on traditional lending programs that resolve members'balance of payments problemsin the short term so that countries can quickly exit IMF ","cbCaidhheU1HWqeG","https://ap.wps.com/l/cbCaidhheU1HWqeG","pdf",904569,1,4,"English","en",105,"# Statement by Scott Bessent\n## Meeting context and economic priorities\n## Roles and needed reforms for the IMF\n## IMF lending, debt, and transparency\n## Roles and needed reforms for the World Bank","[{\"question\":\"What core missions does the statement call for the IMF to refocus on?\",\"answer\":\"It calls for renewed focus on macroeconomic surveillance and lending for balance of payments crises, emphasizing exchange rate, fiscal, monetary, and financial sector issues.\"},{\"question\":\"How does the statement suggest improving IMF lending programs?\",\"answer\":\"It urges higher program quality and implementation, shifting from lending volume to performance accountability, and empowering IMF staff to walk away when reform commitments are lacking.\"},{\"question\":\"What changes does the statement recommend for the World Bank’s approach?\",\"answer\":\"It recommends moving away from expansive policy overreach toward core poverty reduction and economic growth, prioritizing investments and strengthening governance to support countries’ greater self-reliance.\"}]",1784489741,10,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":84,"head_meta":86,"extra_data":88,"updated_unix":27},"statement-by-scott-bessent-111th-meeting-of-the-development-committee-april-24-2025","",{"@graph":35,"@context":83},[36,52,66],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":21},"https://docshare.wps.com/document/statement-by-scott-bessent-111th-meeting-of-the-development-committee-april-24-2025/111351/",{"url":51,"name":13,"@type":53,"author":54,"headline":13,"publisher":56,"fileFormat":59,"inLanguage":23,"description":14,"dateModified":60,"datePublished":60,"encodingFormat":59,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":55},"Person",{"url":40,"name":57,"@type":58},"DocShare","Organization","application/pdf","2026-07-19",true,{"@type":63,"interactionType":64,"userInteractionCount":4},"InteractionCounter",{"@type":65},"ViewAction",{"@type":67,"mainEntity":68},"FAQPage",[69,75,79],{"name":70,"@type":71,"acceptedAnswer":72},"What core missions does the statement call for the IMF to refocus on?","Question",{"text":73,"@type":74},"It calls for renewed focus on macroeconomic surveillance and lending for balance of payments crises, emphasizing exchange rate, fiscal, monetary, and financial sector issues.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"How does the statement suggest improving IMF lending programs?",{"text":78,"@type":74},"It urges higher program quality and implementation, shifting from lending volume to performance accountability, and empowering IMF staff to walk away when reform commitments are lacking.",{"name":80,"@type":71,"acceptedAnswer":81},"What changes does the statement recommend for the World Bank’s approach?",{"text":82,"@type":74},"It recommends moving away from expansive policy overreach toward core poverty reduction and economic growth, prioritizing investments and strengthening governance to support countries’ greater 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