The treasury secretary said the Trump administration remains committed to playing a leadership role in the IMF and the World Bank but will “demand that the management and staff of these institutions be accountable for demonstrating real progress.

U.S. Treasury Secretary Scott Bessent said on Wednesday that International Monetary Fund Managing Director Kristalina Georgieva and World Bank President Ajay Banga are both good leaders but they will have to earn the Trump administration's trust refocusing the institutions on their core missions.

The US president has ordered a review of US-funded international organizations, which he claims unfairly benefit other nations. As the IMF and World Bank hold their Spring summits this week, are their futures secure?

The International Monetary Fund predicts the U.S. and global economies will slow significantly due to the president's trade war

President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday.